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Given the historical annual prices of SPDR S&P 500 ETF Trust (SPY) data hereDownload here, answer the following questions assuming that annual returns on SPY

Given the historical annual prices of SPDR S&P 500 ETF Trust (SPY) data hereDownload here, answer the following questions assuming that annual returns on SPY are normally distributed.

(a) What is the probability that next year's returns on will be below 15%?

(b) What is the probability that next years returns on SPY will be more than 15%

(c) What is SPY's 99% Value at Risk (VaR)? Can you interpret your results?

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