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You purchased ten shares of Dole, Inc. common stock for $90 per share. The stock pays no dividend. You plan to sell the shares in
You purchased ten shares of Dole, Inc. common stock for $90 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: $150 per share, 10% $ 88 per share 60% $ 95 per share 30% What is the expected rate of return?
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