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Question 6 You are analyzing 5 0 stocks over a two year period. Each year you classify 5 0 % of stocks with the lowest

Question 6
You are analyzing 50 stocks over a two year period. Each year you classify 50% of stocks with the lowest returns as losers and the 50% of the stocks
with the highest returns as winners. The distribution is presented in the table below. What is the probability that a stock is classified as a winner both
in Period 1 and Period 2?
13.5%
23%
25%
27%
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