A Stock Had Returns of 8 Percent,39 Percent,11 Percent,and −24

Multiple Choice

A stock had returns of 8 percent,39 percent,11 percent,and −24 percent for the past four years.Which one of the following best describes the probability that this stock will not lose more than 43 percent in any one given year?

A) 92.5 percent
B) 95.0 percent
C) 97.5 percent
D) 84.0 percent
E) 99.5 percent