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Sell Inc.'s stock has 25% chance of producing 30% return, 50% chance of producing 12% return, and 25% chance of producing -18% return. What is

Sell Inc.'s stock has 25% chance of producing 30% return, 50% chance of producing 12% return, and 25% chance of producing -18% return. What is the firm's expected rate of return?

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8.22%

9.00%

9.50%

7.72%

8.50%

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