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State of the market Boom Normal growth Recession Probability 0.35 0.30 0.35 Ending Price 140 110 80 Dividends 10 5 2 The starting price is

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State of the market Boom Normal growth Recession Probability 0.35 0.30 0.35 Ending Price 140 110 80 Dividends 10 5 2 The starting price is $100. Compute the expected value (mean) of HPR (Holding Period Return) on stocks. If your answer is 59.51% then put 59.5 as

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