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(Solved): Consider a $1,000 investment in Lululemon Athletica stocks (LULU) at the market open of its first t ...



Consider a $1,000 investment in Lululemon Athletica stocks (LULU) at the market open of its first trading day in August 2007. The investment was liquidated (sold) in full on the last trading day of one of the 197 subsequent trading months ( August 2007, or September 2007, or . . ., or December 2023). Assume that the liquidation took place at market close on one of these trading days, with any of these 197 days equally likely to be the day of liquidation. (Therefore, the probability that the liquidation took place on any such day is 1/197.)



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