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At the time of purchase, CurlyGirl Salon cost $135 per share. The current stock price is $160.53 per share. Over the five-year holding period, CurlyGirl
At the time of purchase, CurlyGirl Salon cost $135 per share. The current stock price is $160.53 per share. Over the five-year holding period, CurlyGirl produced the following annual returns: 0%, -2%, 8%, 5%, 7%. If the returns are fairly normally distributed, and the arithmetic average return is considered a reasonable predictor of future returns, within what range will the actual return fall next year at 99% confidence?
-0.79% to 7.99%
-9.58% to 16.78%
-5.18% to 12.38%
-14.40% to 21.60%
2.79% to 14.99%
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