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Suppose the returns on long-term government bonds are normally distributed. Assume long-term government bonds have a mean return of 6.1 percent and a standard deviation
Suppose the returns on long-term government bonds are normally distributed. Assume long-term government bonds have a mean return of 6.1 percent and a standard deviation of 9.7 percent.
What is the probability that your return on these bonds will be less than 13.3 percent in a given year? Use the NORMDIST function in Excel to answer this question.
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