Lester Has a Portfolio with an Average Return of 13

question 67

Multiple Choice

Lester has a portfolio with an average return of 13.5 percent and a standard deviation of 14.5 percent.He has a one percent probability of losing ________ percent or more in any given year.

• A) −33.97
• B) −38.87
• C) −20.23
• D) −5.04
• E) −8.37

---

Definitions:

Progesterone

A hormone produced in the ovaries, placenta, and adrenal glands that plays a key role in the menstrual cycle and maintaining the early stages of pregnancy.

Uterine Lining

refers to the layer of cells lining the uterus, known as the endometrium, which thickens during the menstrual cycle to prepare for potential pregnancy and sheds during menstruation if pregnancy does not occur.