Question: Please state what exactly the answer is in the format given and how you get it, thanks. Problem 12-05 (Algorithmic) The price of a share

Please state what exactly the answer is in the format given and how you get it, thanks.

Please state what exactly the answer is in the format given and how you get it, thanks. Problem 12-05 (Algorithmic) The price of a share of a particular stock listed on the New York Stock Exchange

Problem 12-05 (Algorithmic) The price of a share of a particular stock listed on the New York Stock Exchange is currently $39. The following probability distribution shows how the price per share is expected to change over a three-month period: Stock Price Change ($) Probability -2 0.30 0.05 0.10 0.05 0.30 0.15 0.05 2 4

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