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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 an 11% return, and a 20% chance of producing a -23% return. What is the firm's expected rate of return? Do not round your intermediate calculations.
a.16.70%
b.19.30%
c.21.30%
d.24.00%
e.23.33%

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