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For the period 2010-2019, Hogshead International's common stock had an arithmetic mean return of 6.58% with a standard deviation of returns of 2.34%. Assuming the
For the period 2010-2019, Hogshead International's common stock had an arithmetic mean return of 6.58% with a standard deviation of returns of 2.34%. Assuming the returns are normally distributed, Hogshead's common stock was expected to return no less than ____ annually 95% of the time. Report the percentage to two decimal places (.03148 = 3.15).
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