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Use the information below to answer questions 22-25. Senior Dela Herman Agbo, a Principal Investment Analyst, estimated the probability distribution for the holding-period return for GCB Bank stock: State of the Economy HPR Recession -5% Probability 0.1 0.7 Normal growth 12% Boom 18% 0.2 22) What is the expected holding-period return for GCB Bank stock? A) 10.40% B) 9.32% C) 11.50% D) 11.54% E) 10.88% 23) What is the expected variance for GCB Bank stock? A) 6.91% B) 8.13% C) 7.79% D) 7.25% E) 8.85% 24) Assume Gloria Asiedu is an equity investor with the following utility function: U = E(r) - 3/2(s^2). Calculate her utility for investing in GCB Bank Stock. 25) Two equity investors Michael Dawu and Andrew Mensah are considering buying the GCB stock. Hence, they need the estimate of coefficient of variation (cv) to make the final decision. Calculate the cv for these equity investors. 000 LO 5