Question: b. (1) For a zero or less return, standardizing the deviation from the expected value of return one obtains (0 - 20%)/16.43% = -1.217 standard

b. (1) For a zero or less return, standardizing the deviation from the expected value of return one obtains (0 - 20%)/16.43% = -1.217 standard deviations. Turning to Table C at the back of the book, 1.217 falls between standard deviations of 1.20 and 1.25. These standard devia

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