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Suppose that a stock price St follows the log-normal process with expected return = 40% and volatility = 20% (per annum) and S0

Suppose that a stock price St follows the log-normal process with expected return μ = 40% and volatility σ = 20% (per annum) and S0 = £1. What is the probability that the stock price exceeds £2.61 in 1 year?

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