The annual rate of return for a share of a specific stock is a normal random variable
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The annual rate of return for a share of a specific stock is a normal random variable with mean 10% and standard deviation 12%. Ms. Couture buys 100 shares of the stock at a price of $60 per share. What is the probability that after a year her net profit from that investment is at least $750? Ignore transaction costs and assume that there is no annual dividend.
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Fundamentals Of Probability With Stochastic Processes
ISBN: 9780429856273
4th Edition
Authors: Saeed Ghahramani
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