Question: Analysts predict that over the next year, Thete, Inc.'s common stock has a 20% chance of returning 6%, a 50% chance of returning 15%, and

Analysts predict that over the next year, Thete, Inc.'s common stock has a 20% chance of returning 6%, a 50% chance of returning 15%, and a 30% chance of returning 24%. 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.

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