Multiple Choice
If there is a 20% chance we will get a 16% return, a 30% chance of getting a 14% return, a 40% chance of getting a 12% return, and a 10% chance of getting an 8% return, what is the expected rate of return?
A) 12%
B) 13%
C) 14%
D) 15%
Correct Answer:
Verified
Correct Answer:
Verified
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