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You observe a portfolio for five years and determine that its average return is 11.87% and the standard deviation of its returns is 19.28%. Would

image text in transcribed You observe a portfolio for five years and determine that its average return is 11.87% and the standard deviation of its returns is 19.28%. Would a 30% loss next year be outside the 95% confidence interval for this portfolio? The low end of the 95% prediction interval is \%. (Round to two decimal places.)

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