Refer to Exercise 9-42. With the adoption of a slightly more conservative investment strategy, the bank forecasts
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Refer to Exercise 9-42. With the adoption of a slightly more conservative investment strategy, the bank forecasts a mean yield of 7.0% with a standard deviation of 0.9%.
Assuming normality of distribution of yield rates, what is the lower capability index if the goal value is still 9.0%? In what proportion of the time will the goal be met?
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ISBN: 9781119692331
5th Edition
Authors: Amitava Mitra
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