A young investment manager tells his client that the probability
A young investment manager tells his client that the probability of making a positive return with his suggested portfolio is 90%. If it is known that returns are normally distributed with a mean of 5.6%, what is the risk, measured by standard deviation, that this investment manager assumes in his calculation?

Membership TRY NOW
  • Access to 800,000+ Textbook Solutions
  • Ask any question from 24/7 available
    Tutors
  • Live Video Consultation with Tutors
  • 50,000+ Answers by Tutors
OR
Relevant Tutors available to help