Dividend Stock PriceBoom $5 $195Normal economy 2 100Recession 0 0The company go

Dividend Stock PriceBoom $5 $195Normal economy 2 100Recession 0 0The company goes out of business if a recession hits. Calculate the expected rate of return and standard deviation of return to the Leaning tower of Pita shareholders. Assume for simplicity that the three possible states of the economy are equally likely. The stock is selling today for $80.
Hint: Calculate the variance: the sum of squared deviations from the mean divided by the number of observations or N (ignore the concept of degrees of freedom N-1)Calculate the standard deviation: the square root of the variance