Question: 2.00 points Problem 10-25 Using Return Distributions [LO 3 Assume the returns from holding smalil-company stocks are normalily distributed. Also assume the average annual retun
2.00 points Problem 10-25 Using Return Distributions [LO 3 Assume the returns from holding smalil-company stocks are normalily distributed. Also assume the average annual retun for holding the small-company stocks for a period of time was 16.8 percent and the standard deviation of those stocks for the period was 34.5 percent. Use the NORMDIST function in Excels to answer the following questions What is the approximate probability that your money will double in value in a single year? (Do not round intermediate calculations and enter your answer as a percent rounded to 3 decimal places, e.g., 32.161.) Probablity What is the approximate probability that your money will triple in value in a single year? (Do not round intermediate calculations and enter your answer as a percent rounded to 8 decimal places, e-g., 32.16161616.) Probability
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