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QUESTION
Each year there is a 80% chance that the mutual fund will increase by 10% and there is a 20% chance that the mutual fund will decrease by 5%.
Each year there is a 80% chance that the mutual fund will increase by 10% and there is a 20% chance that the mutual fund will decrease by 5%. Assume the performance in each year is independent of the other. Let X be your total return over the two years. A. What values can X take?
