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An asset cost 120 today you will hold it for one year then

An asset cost $120 today. you will hold it for one year then sell it. there is a 25% chance that it will be worth $100 in a year, 25% chance it will be $115 in a year and a 75% chance it will be worth $140. what is the average expected rate of return?

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Macroeconomics: An asset cost 120 today you will hold it for one year then

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