Toyota stock has the following probability distribution of expected prices one year from now: State of the economy Probability Price Boom 0.25 \$50 Normal Growth 0.40 \$60 Recession 0.35 \$7

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Toyota stock has the following probability distribution of expected prices one year from now: State of the economy Probability Price Boom 0.25 \$50 Normal Growth 0.40 \$60 Recession 0.35 \$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?

17.72%

16.83%

17.91%

18.18%

18.89%

Giải thích

Chọn đáp án D

Giải thích: E(P1) = 0.25 (54/55 - 1) + 0.40 (64/55 - 1) + 0.35 (74/55 - 1) = 18.18%.