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Suppose EUR/USD spot rate returns are normally distributed and have constant volatility of 0.696% per day on trading days, with zero volatility on nontrading days

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Suppose EUR/USD spot rate returns are normally distributed and have constant volatility of 0.696% per day on trading days, with zero volatility on nontrading days (weekends and holidays). There are 250 trading days in a year. What is the annual a standard deviation of return in the EUR/USD spot rate? 6.96% 7% 8% 9% 10% 11% 12% 13% 69.6% 173.9%

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