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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