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1) Consider a stock whose closing price is $10 at an international stock exchange. Next day there are 4 possible values for the price,

1) Consider a stock whose closing price is $10 at an international stock exchange. Next day there are 4 possible values for the price, P-(8, 10, 11, 12) each having equal probabilities. Find the expected price for next day? (20p) three hunns of shoots

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