Stock Market Prices. Supposeit is observedthat if the closing price per share of a certain stock A is $105 on agiven day, it will lose $5 by closing time on thenext day40% of the time. If the closing price per shareis $100, there is a 55% chance that the closing price per sharethenext day will be up $5 to $105. What is thelong-run expected price per share of the stock?

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