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Samuel just purchased one IBM stock share for 10 dollars. IBM stock price has a 20% chance to be 5, a 30% chance to be
Samuel just purchased one IBM stock share for 10 dollars. IBM stock price has a 20% chance to be 5, a 30% chance to be 17, and a 50% chance to be 8 next year. What is Samuel's expected return (report the return as a decimal number with four decimal places such as 0.0665) from holding the IBM share for one year?
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