Question: Please answer with full steps. Excel can NOT be used to solve this problem. You are considering investing in JR stock. Your stockbroker has informed

Please answer with full steps. Excel can NOT be used to solve this problem.

Please answer with full steps. Excel can NOT be
You are considering investing in JR stock. Your stockbroker has informed you that the expected return of JR is 16%. Further information reveals that the standard deviation of JR is 8%. Based on the information provided, and assuming JR stock returns are known to have a normal distribution, you believe (A) there is a 2.5% chance that the actual return of JR next year will be negative. (B) there is a 2.5% chance that the actual return of JR next year will be positive. (C) there is a 2.5% chance that the actual returns will exceed 32%. (D) there is a 32% chance that the actual return of JR next year will be outside 0% and 32%. (E) (A) and (C) are true

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