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Calculate and state a 1% value of the stock on day 1. Determine the probability for the daily stock change of: the value of the

Calculate and state a 1% value of the stock on day 1. Determine the probability for the daily stock change of: the value of the stock decreasing by 1%. (X < 1% of the value of the stock) the value of the stock increasing by 1%. (X > 1% of the value of the stock) Explain if these are high or low likelihoods for change.

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