Question
You bought a cellphone company at the beginning of the year for $10/share, and estimate that the distribution of the end-of-year price is the following:
You bought a cellphone company at the beginning of the year for $10/share, and estimate that the distribution of the end-of-year price is the following: 20%, $8.5/share
70%, $10.1/share
10%, $20/share What is the annual expected return of this investment?
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
18th Edition
126409762X, 9781264097623
