Everrest Inc.'s stock has a 46% chance of producing a 12.00% return, a 30% chance of producing a 25.25% return, and a 24% chance of producing a –4.25% return. What is the firm's expected rate of...

Everrest Inc.'s stock has a 46% chance of producing a 12.00% return, a 30% chance of producing a 25.25% return, and a 24% chance of producing a –4.25% return.  What is the firm's expected rate of return?


Round your answer to two decimal places. For example, if your answer is $345.6671 round as 345.67 and if your answer is .05718 or 5.7182% round as 5.72.

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