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A single share of stock in a company has a current price of 105. The stock does not pay dividends. Suppose that there are only
A single share of stock in a company has a current price of 105. The stock does not pay dividends. Suppose that there are only four possibilities for the stock's price in one year. These possibilities, along with the probability of each occurring, are provided in the table below. S1 68 96 P[S] 10.16 0.19 120 143 0.42 0.23 Find the expected annual return for the stock. 5.65% 7.06% 6.35% 7.76% 4.94%
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