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Kent purchased an investment property for $750,000 today. It is expected that the annual rent for the property would be $31,200. According to the probabilities,

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Kent purchased an investment property for $750,000 today. It is expected that the annual rent for the property would be $31,200. According to the probabilities, Kent expects the property price in one year would be as follows: Probability Price 30% $915,000 40% $825,000 20% $780,000 10% $690,000 i) Calculate the total holding period return for each scenario if Kent plans to sell the property in one year. (Round your answer to the nearest 0.01%) (2 marks) ii) Calculate the expected return for this property if Kent plans to sell it in one year. (Round your answer to the nearest 0.01%) (1 mark)

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