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Hailey likes to make risky investments with the expectation of capturing high returns. She was looking at SPY, the ETF that tracks the returns on

Hailey likes to make risky investments with the expectation of capturing high returns. She was looking at SPY, the ETF that tracks the returns on the S&P500. She notices that the average return over the past few years was 9.91%, and the standard deviation of returns was 18.87%.

What range of annual returns should Hailey expect with an 86.664% probability of occurrence?

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