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3. A stock has an average return of 7% and a standard deviation of 8%. If returns are normally- distributed, what is the probability of

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3. A stock has an average return of 7% and a standard deviation of 8%. If returns are normally- distributed, what is the probability of an actual return: (a) above 15%; (b) below -9%; (e) above 31; and (d) between -1% and -9%

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