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1. The daily log returns on a stock are independent and normally distributed with mean 0.001 and standard deviation 0.003. Suppose you buy 700
1. The daily log returns on a stock are independent and normally distributed with mean 0.001 and standard deviation 0.003. Suppose you buy 700 euros of this stock. The probability that after one trading day your investment is worth less 700 euros is approximately equal to:
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
14th edition
1285867971, 978-1305480742, 1305480740, 978-0357686393, 978-1285867977
