Question: You are given the following data for Security J and Security K. Based on this, you should be able to calculate the expected return and
You are given the following data for Security J and Security K. Based on this, you should be able to calculate the expected return and standard deviation for both securities. Note that the variances for J & K are 0.306% and 0.978%, respectively. State of Nature Probability ol State 15.00% 35.00% 35.00% 15.00% 2 3 4 Security Returns 8.00% 14.00% 20.00% 26.00% Security K Returns 22.00% 4.00% 10.00% 32.00% Now, assume that the actual returns for J & K are normally distributed, with a mean and standard deviation equal to respectively, the expected return and the standard deviation you calculated. For security), calculate the probability of observing an actual return between 10% and 19%. Answer in decimal format, rounded to three decimal places. For example, if your answer is 15.87%, enter "0.159
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