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Book Problem 12-18 Using Return Distributions (LO3) Assume that the returns from holding small company stocks are normally distributed. The average annual return for
Book Problem 12-18 Using Return Distributions (LO3) 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 O 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 3.45076 What about triple in value? Triple in value 6.90966 %
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