What is Martell's expected return?

T. Martell Inc.'s stock has a 50% chance of producing a 25% return, a 35% chance of producing a 11% return, and a 15% chance of producing a -30% return. What is Martell's expected return?





Select the correct answer.





12.15%





11.55%





11.85%





11.25%





10.95%|||( .5 * 25 ) + ( .35 * 11 ) - ( .15 * 30 ) = 11.85