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Business, 12.08.2020 20:01 PaavanPatel

Suppose the average return on an asset is 11.5 percent and the standard deviation is 20 percent. Further assume that the returns are normally distributed. Use the NORMDIST function in Excel® to determine the probability that in any given year you will lose money by investing in this asset. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.)

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Suppose the average return on an asset is 11.5 percent and the standard deviation is 20 percent. Fur...
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