T martell incs stock has a 50 chance of producing a 30


T. Martell Inc.'s stock has a 50% chance of producing a 30% return, a 35% chance of producing a 9% return, and a 15% chance of producing a -25% return. What is Martell's expected return?

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Financial Management: T martell incs stock has a 50 chance of producing a 30
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