Consider the following information regarding XYZ Stock:
Mean consensus earnings forecast = $1.56
Lowest earnings forecast = $1.07
Highest earnings forecast = $1.87
Standard deviation of earnings forecasts = $0.25
Standard deviation of past unexpected earnings = $0.32
If actual earnings for the year came in at $1.75, standardized unexpected earnings are closest to:
0.59
b. 0.11
c. 1.24