2. The following is focused on expected return & standard deviation of returns. [6 points] The current value of a stock portfolio is $ 18 million. As a financial analyst, you have been asked to summarize the uncertainty about next year's holding period return using scenario analysis. End of yr value Annual dividend Business conditions Scenario Probability ($ millions) ($ millions) High growth 0.20 28.00 3.00 Normal growth 2 0.45 22.00 2.00 Recession 0.35 15.00 100 a. What are the annual holding period returns of the portfolio in each scenario? b. Calculate the expected holding period return c. Calculate the standard deviation of returns