Question
The price of a bond is uniformly distributed between $90 and $95. 1. What is the probability that the bond price will be at least
The price of a bond is uniformly distributed between $90 and $95.
1. What is the probability that the bond price will be at least $92? Your answer should be in % and have two digits after the period. So, if your answer is 50.023%, enter 50.02.
2. What is the probability that the bond price will be between $91 to $100? Your answer should be in % and have two digits after the period. So, if your answer is 50.023%, enter 50.02.
3. Determine the expected price of the bond. Your answer should have two digits after the period. So, if your answer is 0.023, enter 0.02.
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