How high does a stock price have to be to put a company

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Question: The average stock price for companies making up the S&P 500 is $30. and the standard deviation is $8.20 (Business Week. Special Annual Issue. Spring 2003). Assume the stock prices are normally distributed.

a. What is the probability that a company will have a stock price of at least $40?

b. What is the probability that a company will have a stock price no higher than $33?

c. How high does a stock price have to be to put a company in the top I Ork?

Reference no: EM131455647

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