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If we assume that the annual return on common stocks are normally distributed, then approximately 99% of the returns will fall within the range              % if the average historical return is 6.1% with a standard deviation of 8.6%.

a) –2.5 to 14.7

b) –19.7 to 31.9

c) 0 to 14.7

d) –11.1 to 23.3

e) –11.1 to 31.9

Financial Management, Finance

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