Problem:
Over the past four years, a stock produced returns of 23 percent, -39 percent, 4 percent, and 16 percent, respectively. Based on these four years, what range of returns would you expect to see 99 percent of the time?
Required:
a. -82.39% to 89.41%
b.-78.46% to 84.39%
c.-82.39% to 88.59%
d. -82.39% to 84.39%
Note: Please show how to work it out.