For 300 trading days, the daily closing price of a stock (in $) is well modeled by

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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 answer-question

An Introduction to the Mathematics of Financial Derivatives

ISBN: 978-0123846822

3rd edition

Authors: Ali Hirsa, Salih N. Neftci

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Posted Date: Mar 21, 2020 07:36 PM

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For 300 trading days, the daily closing price of a stock (in $) is well modeled by

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An Introduction to the Mathematics of Financial Derivatives

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