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Suppose the returns on an asset are normally distributed. The historical average annual return for the asset was 5 percent and the standard deviation was

Suppose the returns on an asset are normally distributed. The historical average annual return for the asset was 5 percent and the standard deviation was 18.4 percent.
What is the probability that your return on this asset will be less than 6.5 percent in a given year? Use the NORMDIST function in Excel to answer this question.
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.
What range of returns would you expect to see 95 percent of the time?
Note: Enter your answers for the range from lowest to highest. A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g.,32.16.
What range of returns would you expect to see 99 percent of the time?
Note: Enter your answers for the range from lowest to highest. A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g.,32.16.

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