portfolio analayst

. . Pit: price at time t of stock i Dic+1(s): dividend paid at time t +1 by stock i in state s Pi.t+1(s): price of stock i at time t +1 in state s (after the dividend is paid; ex-dividend price) Answer the following two conceptual questions 1. Why Pit is not a function of the states of the world? 2. Given the definition of linear return rit+1(s) = 4x+1(s) = R +1(s) - 1, if we define cap- ital gain/loss as CG:c+r(s) = Pc+26) Puis what is the implied definition of dividend yield DY.2+1(s)? . . Pit: price at time t of stock i Dic+1(s): dividend paid at time t +1 by stock i in state s Pi.t+1(s): price of stock i at time t +1 in state s (after the dividend is paid; ex-dividend price) Answer the following two conceptual questions 1. Why Pit is not a function of the states of the world? 2. Given the definition of linear return rit+1(s) = 4x+1(s) = R +1(s) - 1, if we define cap- ital gain/loss as CG:c+r(s) = Pc+26) Puis what is the implied definition of dividend yield DY.2+1(s)