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A share is bought for $12 and no dividends are expected to be paid over the next year. The price in one year's time is

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A share is bought for $12 and no dividends are expected to be paid over the next year. The price in one year's time is forecast to be: $10 with probability 15% $13 with probability 25% $15 with probability 60% What is the expected return (capital gain) on this share? Select one: a. 17.58% b. 14.58% c. 24.58% d. 18.58%

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