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If common stocks have an expected return of 18% with a standard deviation of 9% and expected returns are normally distributed, the probability of experiencing
If common stocks have an expected return of 18% with a standard deviation of 9% and expected returns are normally distributed, the probability of experiencing a negative return is closest to
a) 34.25%
b) 50%
c) 0.5%
d) 2.28%
e) 4.56%
Which is the right answer and please explain?
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