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A stock had returns of 13 percent, 20 percent, and 9 percent for the past 3 years. Based on these returns, what is the probability

A stock had returns of 13 percent, 20 percent, and 9 percent for the past 3 years. Based on these returns, what is the probability that this stock will earn at least 30.71 percent in any one given year?

5.0 percent

16.0 percent

1.0 percent

0.5 percent

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