Find out the firm expected rate of return


Problem:

Dothan inc.'s stock has a 25% chance of producing a 17% return, a 50% chance of producing a 12% return, and a 25% chance of producing a -18% return.

Required:

Question: What is the firm's expected rate of return?

Note: Show supporting computations in good form.

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Accounting Basics: Find out the firm expected rate of return
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