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Suppose that annual stock returns for a particular company are normally distributed with a mean of 16% and a standard deviation of 10%. You are
Suppose that annual stock returns for a particular company are normally distributed with a mean of 16% and a standard deviation of 10%. You are going to invest in this stock for one year. (Note: In reality, annual returns tend to be more nearly normally distributed than daily returns.) Find that the probability that your one-year return will exceed 30%.
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