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You invest $500 in a stock that has a 30% chance of a 4% return, a 50% chance of a 6% return and a 20%
You invest $500 in a stock that has a 30\% chance of a 4% return, a 50% chance of a 6% return and a 20% chance of a 12% return. What is your expected return after one year? a.) 8.0% b.) 6.6% c.) 7.2% d.) 5.8%
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