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Consider the following probability tree for the returns of a financial security: What is the expected return? Note: Show your answer in units of percents,

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Consider the following probability tree for the returns of a financial security: What is the expected return? Note: Show your answer in units of percents, use plain numbers with at least two digits after the decimal (e.g., for 12.34%, type 12.34). A stock pays annual, fixed dividends of $10 forever. Assuming a required rate of return of 6%, what is the value of the stock? Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $12,345.67, type 12345.67)

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