The shares of Misheak, Inc., are expected to generate the following possible returns over the next 12

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The shares of Misheak, Inc., are expected to generate the following possible returns over the next 12 months:

Return (%) Probability

−5 .10 5 .25 10 .30 15 .25 25 .10 If the stock is currently trading at $25 per share, what is the expected price in one year? Assume that the stock pays no dividends.

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Financial Markets And Institution

ISBN: 9781292459547

10th Global Edition

Authors: Frederic Mishkin, Stanley Eakins

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