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What is the approximate probability

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Problem 1: Suppose that you observe the following annual returns on the Toronto Stock Exchange, and returns are normally distributed. Suppose the average annual return is 14% and the standard deviation of the returns is 22%. Based on this information what is the approximate probability that the return on the Toronto Stock Exchange will be less than minus 30% (-30%) in a given year?

a) 4.54%

b) 2.27%

c) 31.74%

d) 15.87%

e) None of the above

Reference no: EM132622255

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