Question: Hello, I'm having trouble figuring this out. Can you help me? A firm's stock has a 25% chance of producing a 8% return, a 50%

Hello, I'm having trouble figuring this out. Can you help me?

A firm's stock has a 25% chance of producing a 8% return, a 50% chance of producing a 12% return, and a 25% chance of producing a 16% return.What is the firm's expected rate of return?

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