(Answered) Problemassume that the returns from an asset are normally

Finance

Problem:

Assume that the returns from an asset are normally distributed. The average annual return for this asset over a specific period was 17.2 percent and the standard deviation of those stocks in this period was 43.92 percent.

Required:

Question 1: What is the approximate probability that your money will double in value in a single year?

Question 2: What about triple in value?

Note: Explain all steps comprehensively.

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