| Suppose the returns on long-term corporate bonds are normally distributed. The average annual return for long-term corporate bonds from 1926 to 2007 was 6.4 percent and the standard deviation of those bonds for that period was 9.5 percent. Based on this historical record, what is the approximate probability that your return on these bonds will be less than -3.4 percent in a given year? Answer options: 15.11%, 15.87%, 30.22%, 15.11%, or 14.35% What range of returns would you expect to see 95% of the time? Answer options: -3.3 to 22.3%, -11.97 to 24.13%, -12.6 to 25.4%, -13.23 to 26.67%, -22.1 to 34.9% what range of returns would you expect to see 99% of the time? Answer options: -12.60 to 25.4%, -9.7 to 28.7%, -22.1 to 34.9%, -23.2 to 36.64%, or -20.99 to 33.16% B) Using the same table above, suppose the returns on large-company stocks are normally distributed. The average annual return for large-company stocks from 1926 to 2007 was 13.5 percent and the standard deviation of those stocks for that period was 21.9 percent. Based on the historical record, use the cumulative normal probability table (rounded to the nearest table value) in the appendix of the text to determine the probability that in any given year you will lose money by investing in common stock. Answer options: $26.88%, $5.24%, $28.22%, $25.54%, or $27.96% | 
