You have been given this probability distribution for the holding- period return for KMP stock:Stock of the Economy Probability HPR Boom 0.30 18 %Normal growth 0.50 12 %Recession 0.20 5 %Wha

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You have been given this probability distribution for the holding- period return for KMP stock:

Stock of the Economy Probability HPR Boom 0.30 18 %

Normal growth 0.50 12 %

Recession 0.20 5 %

What is the expected holding-period return for KMP stock?

10.40%

10.88%

11.54%

11.63%

9.32%

Giải thích

Chọn đáp án A

Giải thích: HPR = 0.30 (18%) + 0.50 (12%) + 0.20 (-5%) = 10.4%