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Wookjae has discovered a new mutual fund with a 3-year return and standard deviation of 9% and 14%, respectively. Wookjae would like to know, with

Wookjae has discovered a new mutual fund with a 3-year return and standard deviation of 9% and 14%, respectively. Wookjae would like to know, with a 99% certainty, the maximum return he might see in any given year. What is that number?

a. 23%. b. 37%. c. 51%. d. 14%.

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