Multiple Choice
In reviewing retirement portfolios, Kim determined the probability of a client owning stock is 0.50 and the probability of owning a bond is 0.20. The probability of a customer who owns bonds already owning stock is 0.55. What is the probability a client owns both securities in their retirement portfolio?
A) 0.30
B) 0.40
C) 0.39
D) 0.28
Correct Answer:
Verified
Correct Answer:
Verified
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