A stock has returns of 3 percent, 18 percent, -23 percent, and 15 percent for the past 4 years. Based on this information, what is the 95 percent probability range for any one given year? (please provide steps used to achieve answer)
Answers:
A) -15.4 to 21.9 percent
B)-23.6 to 33.2 percent
C)-52.7 to 59.2 percent
D)-8.1 to 11.3 percent
E)-34.1 to 40.6 percent