A stock had returns of 3%, 12%, 26%, - 14%, and - 1% for the past five years period based on these returns, what is the approximate probability that the stock will return at least 20% in any one given year?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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A stock had returns of 3%, 12%, 26%, - 14%, and - 1% for the past five years period based on these returns, what is the approximate probability that the stock will return at least 20% in any one given year?

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