Business Finance Homework Help
Business Finance Homework Help. Need busines and finance help with Asset Returns- Probability
Assume that the returns from an asset are normally distributed. The average annual return for this asset over a specific period was 14.9 percent and the standard deviation of those returns in this period was 43.83 percent. |
What is the approximate probability that your money will double in value in a single year? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
What about triple in value? (Do not round intermediate calculations. Enter your answer as a percent rounded to 6 decimal places, e.g., 32.161616.) |
Business Finance Homework Help