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Suppose the returns on an asset are normally distributed. The historical average annual return for the asset was 6.3 percent and the standard deviation was 16.3 percent. What is the probability that your return on this asset will be less than –3.7 percent in a given year? Use the NORMDIST function in Excel® to answer this question. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Probability %
What range of returns would you expect to see 95 percent of the time? (Enter your answers for the range from lowest to highest. Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)
95% level % to %
What range would you expect to see 99 percent of the time? (Enter your answers for the range from lowest to highest. Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)
99% level % to %
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The management's report on ICFR (internal control on financial reporting) issued by management includes
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Which fo the following facts explains why the standard deviation of the portfolio is less than the standard deviation of either of the two stocks that make up the portfolio?
Why would Ford issue bonds with coupons of $74 and then a little more than a year later issue bonds with coupons of $98?
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