3. Suppose that each day the price of a stock moves up 1/8 of a point with...
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3. Suppose that each day the price of a stock moves up 1/8 of a point with probability 1/4, remains the same with probability 1/3, and moves down 1/8 of a point with probability 5/12. If the price fluctuations from one day to another are independent, what is the probability that after six days the stock has its original price?
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Related Book For 
Fundamentals Of Probability With Stochastic Processes
ISBN: 9780429856273
4th Edition
Authors: Saeed Ghahramani
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