Over the Past 4 Years, a Stock Produced Returns of 23

question 41

Multiple Choice

Over the past 4 years, a stock produced returns of 23 percent, -39 percent, 4 percent, and 16 percent. Based on these 4 years, what range of returns would you expect to see 99 percent of the time?

• A) -82.39 percent to 84.39 percent
• B) -82.39 percent to 86.41 percent
• C) -82.39 percent to 88.56 percent
• D) -78.46 percent to 86.41 percent
• E) -78.46 percent to 84.39 percent

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Definitions:

Violation

The act of breaking or failing to comply with a rule, agreement, or law.

Agency Agreement

A legal contract in which one party (the agent) agrees to act on behalf of another party (the principal) in business transactions or other matters.

Terminate

To bring to an end or to conclude something such as an agreement, employment, or process.

Principal Duty

The main or most important obligation that a party has under a contract or agreement.