A stock is selling for $53.20. Interest rates are 6.0% and the returns on the stock have a standard deviation of 24.0%. What is the forecasted up movement in the stock over 6 months, assuming two periods of 3 months each?
(a) $64.96
(b) $69.69
(c) $73.48
(d) $76.96
Answer: b
Fin 402
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