Assume the returns from holding an asset are normally distributed. Also assume the average annual return for
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Question:
Assume the returns from holding an asset are normally distributed. Also assume the average annual return for holding the asset a period of time was percent and the standard deviation of this asset for the period was percent. Use the NORMDIST function in Excel to answer the following questions.
What is the approximate probability that your money will double in value in a single year?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
What is the approximate probability that your money will triple in value in a single year?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
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