Wolf Inc.s stock has a 50% chance of producing a 35% return, a 30% chance of producing
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Question:
Wolf Inc.s stock has a 50% chance of producing a 35% return, a 30% chance of producing a 10% return, and a 20% chance of producing a 18% return. What is Harpers expected return?
| a. | 15.4% | |
| b. | 16.1% | |
| c. | 16.9% | |
| d. | 17.3% |
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