Based on the scenarios below, what is the expected rate of return (in percent) for...
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Finance
Based on the scenarios below, what is the expected rate of return (in percent) for a stock with the following return profile? (Please retain two decimal places in your answers)
Bear
Normal
Bull
Prob.
0.10
0.60
0.30
Return
-18%
11%
20%
explain the math in steps please. thank you
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