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The stock of Business Adventures sells for $40 a share. Its likely dividend payout and end-of-year 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-of-year 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. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Calculate the expected return and standard deviation of a portfolio invested half in Business Adventures and half in Treasury bills The return on bills is 5%. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

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