What is the firms expected rate of return

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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%

Reference no: EM13885458

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