What is the expected holding-period return for KMP stock?
You have been given this probability distribution for the holding-period return for KMP stock:
A. 10.40%
B. 9.32%
C. 11.63%
D. 11.54%
E. 10.88%
A. 10.40%
HPR = 0.30 (18%) + 0.50 (12%) + 0.20 (–5%) = 10.4%.
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