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A young investment manager tells his client that the probability of making a positive return with his suggested portfolio is 85%. If it is known
A young investment manager tells his client that the probability of making a positive return with his suggested portfolio is 85%. If it is known that returns are normally distributed with a mean of 6.1%, what is the risk, measured by standard deviation, that this investment manager assumes in his calculation? (You may find it useful to reference the z table.Round "z" value and final answer to 3 decimal places.)
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