Stock A sells for $80 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.

	Dividend	Stock Price
Boom	$3.00	$87
Normal	$2.50	$82
Bust	$0.75	$76

a) If all three scenarios are equally likely, what is the expected holding period return?

b) Whats the 5% VaR measured in dollar value per share?