Question: A hedge fund returns on average 2 6 % per year with a standard deviation of 1 2 % . Assuming hedge fund returns are

A hedge fund returns on average 26% per year with a standard deviation of 12%. Assuming hedge fund returns are distributed normally, what is the approximate probability (in percent) the fund returns between 38 and 50% next year. Write your answer in percent and round it to one decimal place.
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