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Janice Inc. stock's currently trading at $80 and is expected to rise to $85 at...

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Finance

Janice Inc. stock's currently trading at $80 and is expected to rise to $85 at the end of the year. Its standard deviation is estimated at 6.4%. If the returns are assumed to be normally distributed, what is the expected range of prices to prevail at the end of the year, at a 99% confidence (z=2.58).

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QUESTION 5 Janice Inc. stock's is currently trading at $80 and expected to rise to $85 at the end of the year. Its standard deviation is estimated at 6.4%. If the returns are assumed to be normally distributed, what is the expected range of prices to prevail at the end of the year, at 999 level of confidence (z=2.58)? OP (Low) P (High) $77.96 $98.04 O P (Low) P (High) $75.44 $94.56 OP (Low) P (High) $74.79 $101.21 O P (Low) P (High) $71.79 $98.21 O P (Low) P (High) $58.47 $73.53

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