Question
The Manning Company's stock is currently selling for $23. It has the following prospects for next year. Next Year's Stock Price Dividend Probability $25 $1.00
The Manning Company's stock is currently selling for $23. It has the following prospects for next year.
| Next Year's | ||
| Stock Price | Dividend | Probability |
| $25 | $1.00 | 0.25 |
| 30 | 1.60 | 0.50 |
| 35 | 2.00 | 0.25 |
Calculate Manning's expected return for a one-year holding period. Do not round intermediate calculations. Round the answer to two decimal places.
%
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Introduction to Finance Markets, Investments and Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
16th edition
1119398282, 978-1-119-3211, 1119321115, 978-1119398288
