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Note: leave your answers in percentages with 2 decimal points Hongyi decided to buy a Tesla share for $845 today. Having been following the company

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Note: leave your answers in percentages with 2 decimal points Hongyi decided to buy a Tesla share for $845 today. Having been following the company for a long time, he found that: . If the shares rise on a day, there is a 60% chance that they will continue to rise the next day. . If the shares fall on a day, there is a 30% chance that they will continue to fall the next day. Suppose that Tesla shares rose to a new record high today. What is the probability that the shares will rise in two days from now? 48 X % What is the steady state probability of Tesla shares rising? [2 marks] 75 X %

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