Question: Hello, Please Solve the following problems with details: 1. Analysts predict that over the next year, Thete, Inc.s common stock has a 30% chance of
Hello, Please Solve the following problems with details:
1. 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.
Thank you,
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