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A Equity Had Returns of 11%,1%,9%,15%,and -6% for the Past

Question 43

Multiple Choice

A equity had returns of 11%,1%,9%,15%,and -6% for the past five years.Based on these returns,what is the approximate probability that this equity will earn at least 23% in any one given year?


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

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