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The shares of Toshak, Inc. are expected to generate the following possible returns over the next 12 months: Return -5% Probability 0.33 0.33 0.34 5%

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The shares of Toshak, Inc. are expected to generate the following possible returns over the next 12 months: Return -5% Probability 0.33 0.33 0.34 5% 10% If the stock is currently trading at $25 per share, what is the expected price in one year. Assume that the stock pays no dividends. 23% 25.85% 24.02% 27.5%

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