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Calculate the expected value of this stock hint convert


A stock's return has the following range of outcomes and probabilities:

Outcomes                Probability of the Outcome

.03                                    .20

.08                                    .40

.13                                    .40

Calculate the expected value of this stock. Hint: convert rates of return into percentages for easier math. When done convert back to rates of return.

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Business Management: Calculate the expected value of this stock hint convert
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