Lester has a portfolio with an average return of 12.8 percent and a standard deviation of 9.1 percent. He has a one percent probability of losing _____ percent or more in any given year.
A) 33.97
B) 38.87
C) 20.67
D) 5.04
E) 8.37

Question

Lester has a portfolio with an average return of 12.8 percent and a standard deviation of 9.1 percent. He has a one percent probability of losing _____ percent or more in any given year. 
A) 33.97 
B) 38.87 
C) 20.67 
D) 5.04 
E) 8.37

Quizplus · Accepted Answer

The Answer of Lester has a portfolio with an average return of 12.8 percent and a standard deviation of 9.1 percent. He has a one percent probability of losing _____ percent or more in any given year. 
A) 33.97 
B) 38.87 
C) 20.67 
D) 5.04 
E) 8.37

Lester Has a Portfolio with an Average Return of 12