Bloome Co.’s stock has a 25% chance of producing a 30% return, a 50% chance of producing a 12% return, and a 25% chance of producing a ?18% return. What is the firm’s expected rate of return?

Bloome Co.’s stock has a 25% chance of producing a 30% return, a 50% chance of producing a 12% return, and a 25% chance of producing a ?18% return. What is the firm’s expected rate of return?

Bloome Co.’s stock has a 25% chance of producing a 30% return, a 50% chance of producing a 12% return, and a 25% chance of producing a ?18% return. What is the firm’s expected rate of return?