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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 was 13.4 percent and
Assume that the returns from an asset are normally distributed. The average annual return for this asset over a specific period was 13.4 percent and the standard deviation of those stocks in this period was 43.62 percent. |
What is the approximate probability that your money will double in value in a single year? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) |
Double in value | % |
What about triple in value? (Round your answer to 6 decimal places. (e.g., 32.161616)) |
Triple in value | % |
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