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  3. a. a stock has an annual return of 12 percent and

a. A stock has an annual return of 12 percent and a standard deviation of...

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a. A stock has an annual return of 12 percent and a standard deviation of 55 percent. What is the smallest expected gain over the next year with a probability of 2.5 percent? (Do not round intermediate calculations. Round the z-score value to 3 decimal places when calculating your answer. Enter your answer as a percent rounded to 2 decimal places.) b. Does this number make sense? Yes No

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