The annual effective rate of return from an insurance company's investments in year t,i,, has mean of 6.5% and a standard deviation of 14%. The annual effective return in each year is independent of previous years, and it is assumed that the random variable (1+i) has a log-Normal distribution with parameters u and o?. Calculate the value of u. Express your answer as a percentage to FOUR decimal places (e.g. 8.2413% should be entered as 8.2413 only, NOT as 8.2413%, 0.0824 or 0.082413). Answer: Check