Stocks value at its highest

Reference no: EM1319570

The price of XYZ Corporation stock is normally distributed throughout the year with a mean of $42.00 per share and a standard deviation of $2.25 per share. Assume that the stock is traded 240 days out of the year.

a. What percent of the days is the price over $45.00?

b. What percent of the days is the price between $38.00 and $40.00?

c. What is the stock's value at it's highest on 15 days of the year? (Assume that there are 240 trading days in a year).

Reference no: EM1319570

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