The shares of GLO ltd have the following anticipated returns with associated probabilities:

Return $(\%)$

Probabilities

$-6$

$0\mathrm{.}05$

$-4$

$0\mathrm{.}15$

$25$

$0\mathrm{.}40$

$33$

$0\mathrm{.}30$

$34$

$0\mathrm{.}10$

Required:

Calculate the expected rate of return of the company