Assume that the returns from an asset are normally distributed. The average annual return for this asset over a specific period was 13.5 percent and the standard deviation of the asset was 43.74 percent. Use the NORMDIST function in Excel to answer this question.

What is the approximate probability that your money will double in value in a single year? (Do not round intermediate calculations and enter your answer as a percent rounded to 3 decimal places, e.g., 32.161.)

Probability of doubling in value

%

What is the probability of the asset tripling in value? (Do not round intermediate calculations and enter your answer as a percent rounded to 6 decimal places, e.g., 32.161616.)

Probability of tripling in value

%