Suppose your expectations regarding the stock price are as follows: HPR (including dividends) Ending Price $140 110 80 State of the Market Probability 0.35 0.30 0.35 Boom Normal growth Recession 44.5% 14.0 -16.5 Use Equations 5.11 and 5.12 to compute the mean and standard deviation of the HPR on stocks. Derive the probability distribution of the 1-year HPR on a 30-year U. S. Treasury bond with an 8% coupon if it is currently selling at par and the probability distribution of its yield to maturity a year from now is as follows