The historical returns on a portfolio had an average return, Management Theories

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The historical returns on a portfolio had an average return

Question: The historical returns on a portfolio had an average return of 8 percent and a standard deviation of 12 percent. Assume that returns on this portfolio follow a bell-shaped distribution.

a. What percentage of returns were greater than 20 percent?

b. What percentage of returns were below -16 percent?

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Management Theories: The historical returns on a portfolio had an average return

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