The likelihood of Company A's stock price rising is 20 percent, and the likelihood of Company B's
Fantastic news! We've Found the answer you've been seeking!
Question:
The likelihood of Company A's stock price rising is 20 percent, and the likelihood of Company B's stock price rising is 30 percent. Assume that the returns of Company A and Company B stock are independent of each other. The probability that the stock price of at least one of the companies will rise is ________.
A) 6%
B) 10%
C) 44%
D) 50%
Related Book For
Financial Management Principles and Applications
ISBN: 978-0134417219
13th edition
Authors: Sheridan Titman, Arthur J. Keown, John H. Martin
Posted Date: