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Rand Corporation has a 0.0 probability of a return of 0.4, a 0.3 probability of a rate of return of 0.08, and the remaining probability

Rand Corporation has a 0.0 probability of a return of 0.4, a 0.3 probability of a rate of return of 0.08, and the remaining probability of a 0.03 rate of return. What is the expected rate of return of Rand Corporation?

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