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On January 1, Pina Inc. completed its analysis of the prospects for the Geriatric Toy Store and concluded that there was a 30-percent chance the

On January 1, Pina Inc. completed its analysis of the prospects for the Geriatric Toy Store and concluded that there was a 30-percent chance the stock price would be $145 in one year and an 70-percent chance the stock price would be $195. Six months later, Pina Inc. revised its estimated probabilities to a 45-percent chance of a stock price of $145 and a 55 percent chance of $195. If the market agrees with Pina Inc.'s revised probabilities, what is the expected change in stock price from January 1 to July 1? Assume the discount rate is zero.(Round answer to 2 decimal places, e.g. 15.25.)

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