Distributions Assume that the returns from holding Dutch equities are normally distributed. What is the probability that the return is less than –100 per cent (think)? What are the implications for the distribution of returns?

TABLE 11.3 Average annual returns, 2006–2015 Investment Average return (%)

UK large companies 1.60 UK small companies 8.56 Belgian companies 2.41 Chinese companies 18.24 Danish companies 12.48 French companies 0.77 German companies 7.72 Indian companies 14.64 Dutch companies 1.83 Swedish companies 6.47 Source: Yahoo! Finance. © 2016 Yahoo! All rights reserved.