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Suppose the returns on large-company stocks are normallydistributed. The average annual return for large-company stocksfrom 1926 to 2007 was 12.3 percent and the standard deviation

Suppose the returns on large-company stocks are normallydistributed. The average annual return for large-company stocksfrom 1926 to 2007 was 12.3 percent and the standard deviation ofthose stocks for that period was 20.0 percent. Based on thishistorical record, the probability that in any given year you willlose money by investing in common stock is _________ percentbased on the cumulative normal probability table.
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