1. Suppose the mean return and variance of the S&P 500 index over the last 20 years are 0.12 and 0.04 respectively. Assuming stationarity, what is your prediction, with a 95% probability, on the range of investment return in the coming 12-month investment period? Give me the explain too!

2. In a weakly efficient financial market, technical analysts are expected to beat the market.

CHOOSE

a. False

b. True

3. Preferred shareholders typically cannot cast votes foragainst major managerial plans during the annual general shareholders meetings.

CHOOSE.

a. False

b. True

4. A zero-coupon bond always trades at a premium.

CHOOSE.

a. False

b. True