$38$

Appalachian Company stock has an expected rate of return of $8$ percent and a standard deviation of $29$ percent. Which one of the following best describes the probability that this stock will lose at least half of its value in any one given year?

Select one:

a$.0\mathrm{.}1$ percent

b$.0\mathrm{.}5$ percent

c$.1\mathrm{.}0$ percent

d$.2\mathrm{.}5$ percent

e$.5\mathrm{.}0$ percent