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You assess that a stock you are investigating has a probability of 0.6 of earning returns of 15%, with the balance of probability of losing

You assess that a stock you are investigating has a probability of 0.6 of earning returns of 15%, with the balance of probability of losing 4%. What is this stocks expected return?

Select one:

a. 4.80%

b. -11.00%

c. 6.20%

d. 7.40%

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