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Calculate the expected value of stock

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Reference no: EM131415408

A stock's return has the following range of outcomes and probabilities:

Outcomes                Probability of the Outcome

.03                                    .20

.08                                    .40

.13                                    .40

Calculate the expected value of this stock. Hint: convert rates of return into percentages for easier math. When done convert back to rates of return.

Reference no: EM131415408

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