Short Answer
Exhibit 6-7 
-The price of a bond is uniformly distributed between $80 and $85.
a.What is the probability that the bond price will be at least $83?
b.What is the probability that the bond price will be between $81 and $90?
c.Determine the expected price of the bond.
d.Compute the standard deviation for the bond price.
Correct Answer:
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a.0.4
b.0....View Answer
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Correct Answer:
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b.0....
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