Stefans parents are about to invest their nest egg in a stock that he has estimated to

Question:

Stefan’s parents are about to invest their nest egg in a stock that he has estimated to have an expected return of 9 percent over the next year. If the return on the stock is normally distributed with a 3 percent standard deviation, in what range will the stock return fall 95 percent of the time?

Expected Return
The expected return is the profit or loss an investor anticipates on an investment that has known or anticipated rates of return (RoR). It is calculated by multiplying potential outcomes by the chances of them occurring and then totaling these...