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An Equity Has Returns of 3%, 18%, -24%, and 16

Question 19

Multiple Choice

An equity has returns of 3%, 18%, -24%, and 16% for the past four years.Based on this information, what is the 95% probability range for any one given year?


A) -8.4 to 11.7%
B) -16.1 to 22.6%
C) -24.5 to 34.3%
D) -35.4 to 41.9%
E) -54.8 to 61.3%

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