Question
Toyota stock has the following probability distribution of expected prices one year from now: If you buy Toyota today for $55 and it will pay
Toyota stock has the following probability distribution of expected prices one year from now:
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?
A. 17.72%
B. 18.89%
C. 17.91%
D. 18.18%
State 1 2 3 Probability 25% 40% 35% Price $50 $60 $70
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Elementary Statistics
Authors: Robert R. Johnson, Patricia J. Kuby
11th Edition
978-053873350, 9781133169321, 538733500, 1133169325, 978-0538733502
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