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Assume that the returns from an asset are normally distributed. The average annual return for this asset over a specific period was 17.0 percent and the standard deviation in this period was 43.68 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).)

Double in value % ( )

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).)

Triple in value    %

Financial Management, Finance

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