Question
Tugurt Inc.'s stock has a 60% chance of producing a 20% return, a 30% chance of producing a 10% return, and a 10% chance of
Tugurt Inc.'s stock has a 60% chance of producing a 20% return, a 30% chance of producing a 10% return, and a 10% chance of producing a -10% return. What is the firm's expected rate of return?
| 8.33% | ||
| 10.00% | ||
| 14.00% | ||
| 15.00% | ||
| 16.00% |
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Analysis For Financial Management
Authors: Robert C. Higgins
10th International Edition
007108648X, 9780071086486
