Tugurt incs stock has a 60 chance of producing a 20 return
Tugurt Inc.'s stock has a 60% chance of producing a 20% return, a 30% chance of producing a 10% return, and a 10% chance of producing a -10% return. What is the firm's expected rate of return?
8.33%
10.00%
14.00%
15.00%
16.00%
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