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Target Inc.'s stock has a 50% chance of producing a 46% return, a 30% chance of producing a 10% return, and a 20% chance of
Target Inc.'s stock has a 50% chance of producing a 46% 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.
Group of answer choices
20.40%
21.83%
22.24%
20.60%
18.16%
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