Question: A stock currently sells for $40. You have bought one share of the stock at this price. In the next month, there is a 60

A stock currently sells for $40. You have bought one share of the stock at this price. In the next month, there is a 60 percent chance the stock price will double and a 40 percent chance the stock will drop 50 percent. In a month, you will sell the stock. Find the mean and standard deviation of your profit (in dollars).

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