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The historical returns on a balanced portfolio have had an average return of 1 2 % and a standard deviation of 1 8 % .

The historical returns on a balanced portfolio have had an average return of 12% and a standard deviation of 18%. Assume that returns on this portfolio follow a normal distribution.
What percentage of returns were greater than 66%?
Note: Round your answer to 2 decimal places.
What percentage of returns were below 6%?
Note: Round your answer to 2 decimal places.

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