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Assume that the returns from holding small company stocks are normally distributed. The average annual return for this asset over a specific period was 12.04%
Assume that the returns from holding small company stocks are normally distributed. The average annual return for this asset over a specific period was 12.04% and the standard deviation of those stocks in this period was 25.49%. (Do not round intermediate calculations. Do not leave any empty spaces; input a 0 wherever it is required. Round the final answer to 5 decimal places.)
What is the approximate probability that your money will double in value in a single year?
Double in value
What about triple in value?
Triple in value %
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