The average return for large-cap domestic stock funds over, Ask an Expert

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The average return for large-cap domestic stock funds over the three years 2009-2011 was 14.8%. Assume the three-year returns were normally distributed across funds with a standard deviation of 4.8%.

a. How big does the return have to be to put a domestic stock fund in the top 10% for the three-year period (to 2 decimals)?

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