The price of a share of a particular stock listed on the New York Stock Exchange is currently $ 39. The following probability distribution shows how the price per share is expected to change over a three month period.
Stock Price Change($) Probability
-2 .05
-1 .10
0 .25
+1 .20
+2 .20
+3 .10
+4 .10
a. Set up intervals of random numbers that can be used to generate the change in stock price over a three-month period.
b. With the current price of $39 per share and the random numbers 0.1091, 0.9407, 0.1941, and 0.8083, simulate price per share for the next four 3month periods. What is the ending simulated price per share.