Write the answers to the following questions in word or

Question

• Write the answers to the following questions in Word or Excel format, including your calculation and the results. Use the Attach File function below.
  
• For Question #1, it is required to have approximately 150 words.
• Correct grammar, spelling and punctuation are expected.

1. Given that Dov Pharmaceuticals was down by 98% for 2006, why did some investors hold the stock? Why didn't they sell out before the price declined so sharply?
2. Your stock investments return 8%, 12%, and -4% in consecutive years.
   • What is the geometric return?
   • What is the sample standard deviation of the above returns?
   • Using the standard deviation and mean that you just calculated, and assuming a normal probability distribution, what is the probability of losing 3% or more?