Suppose the returns on an asset are normally distributed. The historical average annual return for the asset was $7\mathrm{.}6$ percent and the standard deviation was $8\mathrm{.}6$ percent.

Q$.$ What is the probability that your return on this asset will be less than $-9\mathrm{.}3$ percent in $d$ given year? Use the NORMDIST function in Excels to answer this question. $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$ What range of returns would you expect to see $95$ percent of the time? $($Enter your answers for the range from lowest to highest. A negative answer should be indicated by a minus sign. Do not round intermediate colculations and enter your answers as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

c$.$ What range of returns would you expect to see $99$ percent of the time? $($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$.,32\mathrm{.}16.)$

a$.$ Probablility

b$.95\%$ level