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On January 1 , Swifty Inc. completed its analysis of the prospects for the Geriatric Toy Store and concluded that there was a 1 5

On January 1, Swifty Inc. completed its analysis of the prospects for the Geriatric Toy Store and concluded that there was a 15-percent chance the stock price would be $105 in one year and an 85-percent chance the stock price would be $155. Six months later, Swifty Inc. revised its estimated probabilities to a 30-percent chance of a stock price of $105 and a 70 percent chance of $155. If the market agrees with Swifty Inc's revised probabilities, whaths 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.)
Expected change in stock price (Increase or decrease) of $
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