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Consider an asset that had the historical average annual return of 7.20% and the standard deviation of returns of 12.30%. Assume the returns are

 

Consider an asset that had the historical average annual return of 7.20% and the standard deviation of returns of 12.30%. Assume the returns are normally distributed. What is the approximate probability that your return on this asset will be less than -2.9% in a given year? What range of returns would you expect to see 95% of the time? What range would you expect to see 99.7% of the time?

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