6 An investor buys 1000 shares of the XYZ Corporation at $50.00 per share. Subsequently, the stock...
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6 An investor buys 1000 shares of the XYZ Corporation at $50.00 per share. Subsequently, the stock price varies by $0.125 (1/8) every day, but unfor- tunately it is just as likely to move down as up. What is the most likely value of his holdings after 60 days? Hint: First calculate the distribution of the change in the stock price after 60 days.
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