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Taggart Inc.'s stock has a 50% chance of producing a 31% return, a 30% chance of producing a 6% return, and a 20% chance of
Taggart Inc.'s stock has a 50% chance of producing a 31% return, a 30% chance of producing a 6% return, and a 20% chance of producing a -28% return. What is the firm's expected rate of return? Do not round your intermediate calculations.
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