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(c) A share of stock A is selling at K23.50. A summary of the uncertainty about next years holding period return with three possible scenarios:

(c) A share of stock A is selling at K23.50. A summary of the uncertainty about next years holding period return with three possible scenarios: Business Conditions Scenario,s Probability, p End of Year Price High Growth 1 0.35 K35 Normal Growth 2 0.30 K27 No growth 3 0.35 K15 Annual dividends are K4.40, K4 and K4 under the different business conditions High, Normal and No growth, respectively. Required: (i). Calculate the annual holding period returns for each of the three scenarios

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