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The stock of Business Adventures sells for $65 a share. Its likely dividend payout and end-of-year price depend on the state of the economy

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The stock of Business Adventures sells for $65 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: Normal economy Recession Dividend $2.40 Stock Price 1.60 0.85 235 $73 66 57 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 2.02 % Standard deviation 10.88 %

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