Question: Quantitative Problem: You are given the following probability distribution for CHC Enterprises: State of Economy Probability Rate of return Strong Normal Weak 0.25 0.55

Quantitative Problem: You are given the following probability distribution for CHC Enterprises:

Quantitative Problem: You are given the following probability distribution for CHC Enterprises: State of Economy Probability Rate of return Strong Normal Weak 0.25 0.55 0.20 21% 10% -5% What is the stock's expected return? Do not round intermediate calculations. Round your answer to two decimal places. %

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