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An Equity Had Returns of 8%, 14%, and 2% for the Past

Question 41

Multiple Choice

An equity had returns of 8%, 14%, and 2% for the past three years.Based on these returns, what is the probability that this equity will earn at least 20% in any one given year?


A) 0.5%
B) 1.0%
C) 2.5%
D) 5.0%
E) 16.0%

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