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Dividends of dividend-paying stocks

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Suppose that the dividends of dividend-paying stocks are normally distributed with a mean of 3.86% (as a percentage of the share price) and a standard deviation of 1.25%. In a sample of 55 dividend-paying stocks, what is the probability that the average dividend will be 3.70% or more? (Please round your answer to 4 decimal places)

Reference no: EM131361156

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