Question
Assume that the returns from an asset are normally distributed. The average annual return for this asset over a specific period was 16.9 percent and
Assume that the returns from an asset are normally distributed. The average annual return for this asset over a specific period was 16.9 percent and the standard deviation of those returns in this period was 43.56 percent.What is the approximate probability that your money will double in value in a single year?What about triple in value?
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Financial Management Principles And Applications
Authors: Arthur J. Keown, J. William Petty, John D. Martin, Jr. Scott, David F.
10th Edition
0131450654, 9780131450653
