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 | 1.65 | 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. Answer should be a percent.
%
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Personal Finance An Integrated Approach
Authors: Bernard J. Winger
4th Edition
0198520972, 9780132696302
