A Equity Had Returns of 11%,1%,9%,15%,and -6% for the Past

question 43

Multiple Choice

A equity had returns of 11%,1%,9%,15%,and -6% for the past five years.Based on these returns,what is the approximate probability that this equity will earn at least 23% in any one given year?

• A)0.5%
• B)1.0%
• C)2.5%
• D)5.0%
• E)16.0%

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