According to your research of publicly traded companies, 60% of the companies that increased their share price by more than 5% in the last three years replaced their CEOs during the period.
At the same time, only 35% of the companies that did not increase their share price by more than 5% in the same period replaced their CEOs. Knowing that the probability that the stock prices grow by more than 5% is 4%, find the probability that the shares of a company that fires its CEO will increase by more than 5%.
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