Analysts predict that over the next year, Thete, Inc.'s common stock has a 30% chance of returning 25%, a 40% chance of returning 16%, and a 30% chance of returning 6%. What is the expected rate of return on Thete, Inc.'s common stock? Submit your answer as a percentage and round to two decimal places. (1) (ii) (iii) Describe and interpret the assumptions related to the problem. Apply the appropriate mathematical model to solve the problem. Calculate the correct solution to the