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Assume that returns on a stock with an average annual return of 15% and an annual standard deviation of 30% are normally distributed. (a) What

Assume that returns on a stock with an average annual return of 15% and an annual standard deviation of 30% are normally distributed.

(a) What is the probability of the next year's return on SPY will be below 65%?

(b) What is the probability of the next year's return will be between 12% and 25%?

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