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Taggart Inc.'s stock has a 20% chance of producing a 30% return, a 45% chance of producing a 12% return, a 20% chance of producing
Taggart Inc.'s stock has a 20% chance of producing a 30% return, a 45% chance of producing a 12% return, a 20% chance of producing a 5% return, and a 15% chance of producing a -25% return. What is the firm's expected rate of return?
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