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Toyota stock has the following probability distribution of expected prices one year from now: State Probability Price 1 25% $50 2 40% $60 3 35%

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Toyota stock has the following probability distribution of expected prices one year from now: State Probability Price 1 25% $50 2 40% $60 3 35% %70 If you buy Toyota today for $55 and it will pay a dividend during the year of $4 per share, what is your expected holding period return on Toyota? Provide your answer in percentage (just number, do not type %). Round your answer to two decimal points

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