b) Assume it's the beginning of 2016, and shares in Mulholland Ltd are currently selling for $50 each. The table below shows the anticipated stock price and the dividend to be paid at the end of the year, given various possible states of the economy: State 12345 Year-end price Annual dividend $62 $3 $58 $3 $56 $50 $46 $2 $0 You anticipate that States 1 and 2 each have a probability of occurrence of 15%, State 3 has a probability of occurrence of 30%, and States 4 and 5 each have a probability of occurring of 20%. i) Calculate the holding period return (HPR) for each of the possible states, assuming a one-year holding period. (2 marks) ii) iii) Calculate the expected return on Mulholland Ltd stock. (2 marks) Calculate the standard deviation of the returns. (2 marks)