Assume that the returns from an asset are normally, Financial Management

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Assume that the returns from an asset are normally

Assume that the returns from an asset are normally distributed. The average annual return for this asset over a specific period was 17.1 percent and the standard deviation of those returns in this period was 41.7 percent.

1) What is the approximate probability that your money will double in value in a single year?

Probability of doubling =

2) What about triple in value?

Probablity of tripling =

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