Investing in large-company common stock

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Reference no: EM131998963

Suppose the returns on large-company stocks are normally distributed. Also suppose large-company stocks had an average return of 11.6% and a standard deviation of 24.6%. Use the NORMDIST function in Excel® to answer the following question:

Determine the probability that in any given year you will lose money by investing in large-company common stock.. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Reference no: EM131998963

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