Question $12$

The expected return of Security $x$ is $22$ percent, with a standard deviation of $19$ percent. Assuming the returns are normally distributed, what is the probability of returns being greater than the market portfolio' s expected return this year of $17$ percent?

$12\mathrm{.}35\%$

$39\mathrm{.}62\%$

$60\mathrm{.}38\%$

$87\mathrm{.}65\%$

$-0\mathrm{.}2632$

$-1\mathrm{.}1579$