What is the smallest expected gain over the next year with


a. A stock has an annual return of 12.2 percent and a standard deviation of 50 percent. What is the smallest expected gain over the next year with a probability of 1 percent? (Round your answer to 2 decimal places. Omit the "%" sign in your response.)

Smallest expected gain %

b. Does this number make sense?

Yes

No

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Financial Management: What is the smallest expected gain over the next year with
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