Rate of Return if Outcome Occurs	Rate of Return if Outcome Occurs
Possible Outcomes	Probability	Stock K	Stock S
Optimistic	0.30	28%	41%
More Likely	0.50	12%	18%
Pessimistic	0.20	-8%	-16%

What is the expected return for Stock K?

11.5%

10.7%

9.6%

13.4%

12.8%