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The stock of Business Adventures sells for $50 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 $50 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 Dividend $3.00 Stock Price $58 Boom Normal economy 1.40 52 Recession e.7e 43 a. 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.) Expected return % Standard deviation % b. Calculate the expected return and standard deviation of a portfolo invested half in Business Adventures and half in Treasury bills The return on bills is 3% ( Do not round intermediate calculations. Round your answers to 2 decimal places.) Expected return Standard deviation

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