MULTIPLE CHOICE: PROBLEMS

T$.$ Martell Inc.$\text{'}$s stock has a $50\%$ chance of producing a $30\%$ return, a

$25\%$ chance of producing a $9\%$ return, and a $25\%$ chance of producing a $-$

$25\%$ return. What is Martell's expected return?

$16\mathrm{.}8\%$

$17\mathrm{.}6\%$

$14\mathrm{.}4\%$

$15\mathrm{.}2\%$

$16\mathrm{.}0\%$