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The Shasta Company stock could experience the following percentage returns: 30% with probability 0.20 , 17% with probability 0.30, and -24% with probability 0.50. What
The Shasta Company stock could experience the following percentage returns: 30% with probability 0.20 , 17% with probability 0.30, and -24% with probability 0.50. What is the expected rate of retun for Shasta over this period? Answer as a percent to two-place accuracy; For a two-place accuracy in percent, you need four-place accuracy as a rate of return!
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