Owens & Minor (OMI) stock has an expected return of 14 percent. Its standard deviation is 36 percent. If OMI's returns are distributed normal, 16 percent of the time its returns will fall more than one standard deviation below the mean. Find that percent return one standard deviation below the mean. Write your answer as a percentage. Do not include the percentage sign in your answer.

Owens & Minor (OMI) stock has an expected return of 14 percent. Its standard deviation is 36 percent. If OMI's returns are distributed normal, 16 percent of the time its returns will fall more than one standard deviation below the mean. Find that percent return one standard deviation below the mean. Write your answer as a percentage. Do not include the percentage sign in your answer.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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