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Practice problem. Consider a stock price which has a lognormal distribution such that S0 = $10, = 0.08, = 0.25. Find the probability that the

Practice problem. Consider a stock price which has a lognormal distribution such that S0 = $10, = 0.08, = 0.25. Find the probability that the stock price will be above or equal to $11 in one year.

(please show the equations you use, and solve it step by step, thank you)

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