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Taggart Inc. ' s stock has a 5 0 % chance of producing a 3 7 % retum, a 3 0 % chance of producing

Taggart Inc.'s stock has a 50% chance of producing a 37% retum, a 30% chance of producing an 11%, return and a 20% chance of producing a 27% return. What is the firm's expected rate of return? Do not round your intermediate calculations.
a.16.40%
b.25.00%
c.20.60%
d.21.00%
e.21.80%
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