Suppose the returns on Mauritius equities are normally distributed. Based on the data above, what is the approximate probability that your return on these will be less than –2 per cent in a given year? What range of returns would you expect to see 95 per cent of the time? What range would you expect to see 99 per cent of the time? (20 marks)

You have invested in the Mauritian stock market. Details on the performance of the market are given below:
Date Mauritius Jan-13 100 Jan-14 117.36 Jan-15 131.46 Jan-16 122.47 Jan-17 86.136 Jan-18 110.06 Jan-19 126.16 Jan-20 116.00