Solved: If actual earnings for the year came in at 175 standardized, Finance Basics

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If actual earnings for the year came in at 175 standardized

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

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Finance Basics: If actual earnings for the year came in at 175 standardized

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Finance Basics: If actual earnings for the year came in at 175 standardized

Reference No:- TGS02834733

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