Suppose the returns on large-company stocks are normally, Financial Management

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Suppose the returns on large-company stocks are normally

Suppose the returns on large-company stocks are normally distributed. Also suppose large-company stocks had an average return of 12% and a standard deviation of 26.2%. Use the NORMDIST function in Excel® to answer the following question:

Required:

Determine the probability that in any given year you will lose money by investing in common stock. (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)

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Financial Management: Suppose the returns on large-company stocks are normally

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Financial Management: Suppose the returns on large-company stocks are normally

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