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Your stock investments return 8%, 12%, and -4% in consecutive years. The geometric return is 5.06%. The sample standard deviation of the returns is 11.78%.

Your stock investments return 8%, 12%, and -4% in consecutive years. The geometric return is 5.06%. The sample standard deviation of the returns is 11.78%. Using the standard deviation and mean that you just calculated, and assuming a normal probability distribution, what is the probability of losing 3% or more? A. 48% B. 58% C. 68% D. 78%

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