For 300 trading days, the daily closing price of a stock (in $) is well modeled by
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Question:
For 300 trading days, the daily closing price of a stock (in $) is well modeled by a Normal model with mean $195.52 and standard deviation $7.12. According to this model, what cutoff value of price would separate the
a) lowest 18% of the days?
b) highest 0.54%?
c) middle 89%?
d) highest 50%?
Related Book For
An Introduction to the Mathematics of Financial Derivatives
ISBN: 978-0123846822
3rd edition
Authors: Ali Hirsa, Salih N. Neftci
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