Over the Past Five Years,a Share Produced Returns of 14%,22%,-16%,2%,and

question 39

Multiple Choice

Over the past five years,a share produced returns of 14%,22%,-16%,2%,and 10%.What is the probability that an investor in this share will NOT lose more than 8% nor earn more than 21% in any one given year?

• A)34%
• B)68%
• C)95%
• D)99%
• E)100%

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Definitions:

Members' Voluntary Winding Up

A process initiated by the shareholders of a solvent company to voluntarily dissolve and liquidate its assets under the supervision of a liquidator.

Voluntary Administration

A process for insolvent companies to resolve debt issues with creditors through an independent administrator.

Circulating Security Interest

A floating charge over all of a company.

Floating Charge

A security interest over a fluctuating pool of assets, such as inventory or receivables, which allows the borrower to use the assets in the course of business.