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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
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 28% return. What is the firm's expected rate of return? Do not round your intermediate calculations.
a. 15.71%
b. 20.06%
c. 20.01%
d. 15.40%
e. 16.01%
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