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December 20, 2014

December 20, 2014

Posted by **Help** on Thursday, October 3, 2013 at 9:53pm.

(a)

Use the investment broker’s report to estimate the maximum yearly return that might be obtained by investing in tax-free municipal bonds. (Round your answer to the nearest whole percent.)

Maximum yearly return 32%

(b)

Find the probability that the yearly return obtained by investing in common stocks will be higher than the maximum yearly return that might be obtained by investing in tax-free municipal bonds. (Round your answer to 4 decimal places.)

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**Anonymous**, Friday, December 20, 2013 at 1:04pm0.1707

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