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You are considering investing in a mutual fund. The fund is expected to earn a return of 12.7 percent in the next year.
Posted: Wed May 18, 2022 11:42 pm
by answerhappygod
- You Are Considering Investing In A Mutual Fund The Fund Is Expected To Earn A Return Of 12 7 Percent In The Next Year 1 (33.93 KiB) Viewed 36 times
You are considering investing in a mutual fund. The fund is expected to earn a return of 12.7 percent in the next year. If its annual return is normally distributed with a standard deviation of 16.5 percent, what return can you expect the fund to beat 95 percent of the time? (Note: Round your answer as decimals with three decimal places. For example, if you answer is -2.7%, you should write -0.027 in the answer box. DO NOT write your answer as percentages as you will be marked wrong.)