Question: Calculate the expected return on a stock that has a 35% probability of a 13% return, a 30% probability of a 4% return, and a

Calculate the expected return on a stock that has a 35% probability of a 13% return, a 30% probability of a 4% return, and a 35% probability of a -11% return.

The expected return on this stock is:

(Please retain at least 4 decimal places in your calculations and 2 decimal places in the final answer)

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