What about triple in value

Reference no: EM13272579

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.

What is the approximate probability that your money will double in value in a single year? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Double in value % ?

What about triple in value? (Round your answer to 6 decimal places. (e.g., 32.161616))

Reference no: EM13272579

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