Question
You have information on 153 returns of ABC. Among these, the lowest 10 returns are: Return -13% -16% -18% -21% -24% -25% -34% -39% -40%
You have information on 153 returns of ABC. Among these, the lowest 10 returns are:
| Return | -13% | -16% | -18% | -21% | -24% | -25% | -34% | -39% | -40% | -45% |
| Rank (Highest to Lowest) | 144 | 145 | 146 | 147 | 148 | 149 | 150 | 151 | 152 | 153 |
What is the lowest return one could expect if the return is in the bottom 2% of the distribution? (round to the nearest return)
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Financial Management For Public, Health, And Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
6th Edition
150639681X, 978-1506396811
