Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A stock has an average return of 8 . 2 percent and a standard deviation of 2 3 . 1 percent. Assume the returns are

A stock has an average return of 8.2 percent and a standard deviation of 23.1 percent. Assume the returns are distributed normally.
What is the probability that In any one given year the return on this stock is greater than 25 percent?
Select one:
a.23.4 percent
b.8.3 percent
c.14.1 percent
d.27.7 percent
e.33.5 percent
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cases In Healthcare Finance

Authors: Louis Gapenski

5th Edition

1567936113, 978-1567936117

More Books

Students also viewed these Finance questions

Question

why are there different categories for UTP cables?

Answered: 1 week ago