Question: Maddison Inc. ' s stock has a 4 5 % chance of producing a 2 5 % return, a 3 5 % chance of producing

Maddison Inc.'s stock has a 45% chance of producing a 25% return, a 35% chance of producing a 12% return, and a 20% chance of producing a -30% return. What is the firm's expected rate of return?Do not round your intermediate calculations.

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