Part I: Holding Period Returns The stock of Lee Corp. sells at $40 a share. Its likely dividend payout and end-of-year price depend on the state of the economy by the end of the year as follows: Boom Normal Economy Recession Dividend Stock Price $2 $50 $1 $43 $0.5 $34 a. Calculate the expected holding period return and standard deviation of the holding period return. All three scenarios are equally likely. b. Calculate the expected return and standard deviation of a portfolio invested half in Lee Corp. and half in Treasury bills. The return on T bills is 4%