22. Dwight Enterprises holds equity stock of Max Limited. The current price per share is s30 The probability that the investment will increase in value over the coming year is denoted as p. Over the past year, the stock had increased in value in seven out of the twelve months. If the stock increases in value, it is expected to earn an annualized rate of return of 2%. ewing the monthly change in stock prices as individual Bernoulli trials, the probability that the stock will increase in value over the coming year is closest to: Vie A. 0.0117. B. 0.0200. C.0.5833. 23. Defining properties of a probability least likely include which of the following: A. Probabilities are based on logical analysis. B. The probability of any event is between 0 and 1. C. The sum of probabilities of any set of mutually exclusive and exhaustive events equals 1 24. Which of the following statements is least likely a limitation of technical analysis? A. Technicians restrict their analysis to studying market movements. B. Technicians are slow to recognize changes in trends and/or patterns C. The analysis cannot be applied to asset classes that do not have an income stream. 25. Which of the following features is most likely correct regarding a binomial random variable? A. The individual trials are positively correlated B. The probability of success is constant for all trials. C. The probability of success can only take on a value of 0 or 1