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You purchased ten shares of Dole, Inc. common stock for $80 per share. The stock pays no dividend. You plan to sell the shares in
You purchased ten shares of Dole, Inc. common stock for $80 per share. The stock pays no dividend. You plan to sell the shares in one year. The projected selling prices and probabilities are as follows:
$60 per share, 10%
$88 per share 60%
$95 per share 30%
What is the expected rate of return?
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