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Current Attempt in Progress You purchased 100 shares of stock in an oil company, Sheridan Energy, Inc., at $55 per share. The company has 1.20

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Current Attempt in Progress You purchased 100 shares of stock in an oil company, Sheridan Energy, Inc., at $55 per share. The company has 1.20 million shares outstanding. Ten days later, Sheridan Energy announced an investment in an oil field in east Texas. The probability that the investment will be successful and generate an NPV of $10 million is 0.20; the probability that the investment will be a failure and generate an NPV of negative $1 million is 0.80. How would you expect the stock price to change upon the company's announcement of the investment? (Round answer to 2 decimal places, eg. 2.75.) Change in stock price $ /share

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