Question: Suppose that the return R (in dollars per share) of a stock has the uniform distribution on the interval [3, 7]. Suppose also, that each

Suppose that the return R (in dollars per share) of a stock has the uniform distribution on the interval [−3, 7]. Suppose also, that each share of the stock costs $1.50. Let Y be the net return (total return minus cost) on an investment of 10 shares of the stock. Compute E(Y).

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