A particular stock is currently trading at $1. An expert market analyst determines that in one year the price of the stock will double with a probability of 0.1, triple with a probability of 0.2, and be worth nothing with a probability of 0.7.<\/p>
I.If the random variable X represents the gain or loss in the stock price in one year, what is the Variance of X?<\/p>", "transcribed_text": "", "related_book": { "title": "Human Resource Management", "isbn": "053845315X, 978-0538453158", "edition": "13th Edition", "authors": "Robert L. Mathis, John H. Jackson", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/80.jpg", "uri": "\/textbooks\/human-resource-management-13th-edition-80", "see_more_uri": "" }, "free_related_book": { "isbn": "B0CGL3364P", "uri": "\/textbooks\/investing-for-interest-15-tips-for-buying-t-i-p-s-1st-edition-979-8859000715-255287", "name": "Investing For Interest 15 Tips For Buying T I P S", "edition": "1st Edition" }, "question_posted": "2024-06-15 04:50:41", "see_more_questions_link": "\/study-help\/questions\/sciences-chemistry-2023-March-09", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/find-the-duration-of-the-bond-in-problem-4-if", "description": "Find the duration of the bond in Problem 4 if the coupons are paid semiannually.", "stars": 3 }, { "url": "\/the-adjusted-trial-balance-columns-of-the-worksheet-for-taj", "description": "The adjusted trial balance columns of the worksheet for Taj Company, owned by Gabby Taj, are as follows. 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