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Suppose that the price of a share of stock in Johnson & Johnson company in the future will either go up (U) or come down
Suppose that the price of a share of stock in Johnson & Johnson company in the future will either go up (U) or come down (D) in 1 day with the probabilities 0.40 and 0.60, respectively. Assume that the price movement of JNJ stock today is completely independent of its movement in the past; calculate the probability of each possible outcome of the stock price 4 days later
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A Survey Of Mathematics With Applications
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
11th Edition
0135740460, 978-0135740460
