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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.

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