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Year Implicit Probability HPR (decimal) 1 0.25 -0.1189 2 0.25 0.1210 0.1849 3 0.25 4. 0.25 0.1888 What is the gross return for year 2?

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Year Implicit Probability HPR (decimal) 1 0.25 -0.1189 2 0.25 0.1210 0.1849 3 0.25 4. 0.25 0.1888 What is the gross return for year 2? 0.8811 O 1.1210 01.1849 None of these

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