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An investor uses the following model for a stock in her portfolio. If the present price of the stork is s, then after one time

An investor uses the following model for a stock in her portfolio. If the present price of the stork is s, then after one time period it will be either 1.04s with probability 0.54, or 0.98s with probability 0.46. Assume that the successive movements of the stock are independent. Find approximately the probability that tin' stock prices will increase at least 20% after the next 10(X) time periods.

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