Assume the returns from holding an asset are normally distributed. Also assume the average annual...
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Assume the returns from holding an asset are normally distributed. Also assume the average annual return for holding the asset a period of time was percent and the standard deviation of this asset for the period was percent. Use the NORMDIST function in Excel to answer the following questions.
a What is the approximate probability that your money will double in value in a single year?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
b What is the approximate probability that your money will triple in value in a single year?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
tablea Probability,
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