A financial analyst is examining a particular stock. Based upon past experience, the analyst believes that the
Fantastic news! We've Found the answer you've been seeking!
Question:
A financial analyst is examining a particular stock. Based upon past experience, the analyst believes that the stock's annual return is disributed normally with a mean of 7.81 percent and a standard deviation of 1.61 percent. Complete this sentence: "The stock's annual rate of return will be at least _____ percent half of the time."
Related Book For
Foundations of Financial Management
ISBN: 978-1259194078
15th edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
Posted Date: