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The stock of Business Adventures sells for $40 a share. Its likely dividend payout and end-ofyear price depend on the state of the economy by

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The stock of Business Adventures sells for $40 a share. Its likely dividend payout and end-ofyear price depend on the state of the economy by the end of the year as follows. Calculate the expected holding period return and standard deviation of the holding period return. All three scenarios are equally likely

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