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Assume that the returns from an asset are normally distributed.The average annual return for this asset over a specific period was17.2 percent and the standard deviation of those returns in thisperiod was 43.53 percent.a.What is the approximate probability that your money will doublein value in a single year? (Do not round intermediatecalculations and enter your answer as a percent rounded to 2decimal places, e.g., 32.16.)b.What about triple in value? (Do not round intermediatecalculations and enter your answer as a percent rounded to 6decimal places, e.g., .161616.)
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