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Taggart Inc. ' s stock has a 5 0 % chance of producing a 3 6 % return, a 3 0 % chance of producing

Taggart Inc.'s stock has a 50% chance of producing a 36% return, a 30% chance of producing a 10% return, and a 20% chance of producing a -25% return. What is the firm's expected rate of return? Do not round your intermediate calculations.
Question 1 options:
15.86%
16%
12.01%
15.40%

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