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Toyota stock has the following probability distribution of expected prices one year from now: State Probability Price 1 2 5 % $ 5 0 2

Toyota stock has the following probability distribution of expected prices one year from now:
State Probability Price
125% $50
240% $60
335% $70
If you buy Toyota today for $55 and it will pay a dividend during the year of $1.3 per share, what is your expected holding-period return on Toyota?
Answers must be entered with 2 decimal places and no percent signs, e.g.6 as 6.00; 32.346 as 32.35. Write the number in percent. For example, if your answer is 20%, write "20.00".

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