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In Exercise 7 64 we discovered that the expected return is

In Exercise 7.64, we discovered that the expected return is .1060 and the standard deviation is .1456. Working with the assumption that returns are normally distributed, determine the probability of the following events.

a. The portfolio loses money.

b. The return on the portfolio is greater than 20%.

a. The portfolio loses money.

b. The return on the portfolio is greater than 20%.

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