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c How big does the return have to be to put a domestic stock fund...

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c How big does the return have to be to put a domestic stock fund in the top 20 for the three year period Another way to think about this question is in terms of probability instead of percentage To have a domestic stock fund in the top 20 means that 80 of domestic stock funds will be less than some value First convert 80 to a probability probability B percentage 100 100 Here we are working backwards to find a return such that if new large cap domestic stock fund was randomly selected the probability the new fund has a return less than this value is

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