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Explain Markov's properties on share price behaviour (2 points) 2. The current price of a share is $37 and its expected return per annum is

Explain Markov's properties on share price behaviour (2 points)

2. The current price of a share is $37 and its expected return per annum is 5%. Standard deviation of its returns per annum is 20%. Estimate the expected share price and the expected variation of the share price in three months. (4 points)

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