SOLUTION: How high does a stock price have to be to put a company in the top 15%? S&P 500 is 30 and the standard deviation is $5

Question 455732: How high does a stock price have to be to put a company in the top 15%? S&P 500 is 30 and the standard deviation is $5
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
How high does a stock price have to be to put a company in the top 15%? S&P 500 is 30 and the standard deviation is $5
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The z-value with an 85% tail is 1.036433
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The corresponding price: price = z*s+u
= 1.036433*5 + 30
= $35.18
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Cheers,
Stan H.
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