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At the end of the day, the share price of a certain stock can increase in value, decrease in value, or remain at the same
At the end of the day, the share price of a certain stock can increase in value, decrease in value, or remain at the same value in comparison to the previous day.
On any given day, the share price is ten times more likely to increase in value as it is to remain at the same value. The share price is also five times more likely to decrease in value as it is to remain at the same value.
Determine the probability of each of these three possible daily outcomes for the share price of this particular stock.
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