Lester Has a Portfolio with an Average Return of 13 $\begin{array}{cr}\text { Probability } & \text { "z" value } \\\text { of loss } & \\1.0\% & 2.326 \\2.5 & 1.960 \\5.0 & 1.645\end{array}$

question 87

Multiple Choice

Lester has a portfolio with an average return of 13.5% and a standard deviation of 22.5%. He has a 1% probability of losing ________% or more in any given year.
$\begin{array}{cr}\text { Probability } & \text { "z" value } \\\text { of loss } & \\1.0\% & 2.326 \\2.5 & 1.960 \\5.0 & 1.645\end{array}$

• A)33.97
• B)38.84
• C)20.23
• D)5.04
• E)8.37

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