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The stock of Business Adventures sells for $ 7 0 a share. Its likely dividend payout and end - of - year price depend on

The stock of Business Adventures sells for $70 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:
Required:
a. Calculate the expected holding-period return and standard deviation of the holding-period return. All three scenarios are equally
likely.
Note: Do not round intermediate calculations. Round your answers to 2 decimal places.
b. 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%.
Note: Do not round intermediate calculations. Round your answers to 2 decimal places.
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