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Issues earnings guidance

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Proctor and Gamble (PG) issues earnings guidance for the 2016-17 fiscal year stating that they expect to earn between $3.70 and $4.00 per share of common stock. Based on this guidance, what is the probability that PG will earn $3.80 or more for fiscal year 2016-17? Explain your answer.

Reference no: EM131196149

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