Normal distribution throughout the year

Reference no: EM1317565

The price of XYZ Corporation stock is normally distributed throughout the year with a mean of $42.00 per share and a standard deviation of $2.25 per share. Assume that the stock is traded 240 days out of the year.

What is the stock's value at it's highest on 15 days of the year? (Assume that there are 240 trading days in a year).

Reference no: EM1317565

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