The average stock price for companies making up the SP 500 is $30, and the standard deviation is
Question: 25 The average stock price for companies making up the S&P 500 is $30, and the standard deviation is $8.20 (Business Week, Special Annual Issue, Spring 2003). Assume the stock prices are normally distributed.
A. What is the probability a company will have a stock price of at least $40?
B. What is the probability a company will have a stock price no higher than $20?
C. How high does a stock price have to be to put a company in the top 10%?
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Solution: The solution consists of 1 page
Type of Deliverable: Word Document
Type of Deliverable: Word Document