Question
You've recorded the following prices and dividend payments for a stock: Month Stock price Dividend 1 58.28 2 58.44 0.65 3 56.86 4 59.45 5
You've recorded the following prices and dividend payments for a stock:
| Month | Stock price | Dividend |
|---|---|---|
| 1 | 58.28 | |
| 2 | 58.44 | 0.65 |
| 3 | 56.86 | |
| 4 | 59.45 | |
| 5 | 59.64 | 0.65 |
Assume that the returns are normally distributed.
What is the probability that the monthly return will be less than 4%?
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Calculus Early Transcendentals
Authors: William L. Briggs, Lyle Cochran, Bernard Gillett
2nd edition
321954428, 321954424, 978-0321947345
