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15, The risk-free rate of return is 3.0%, the market risk-premium is 5.7%, and the standard deviation of the market is 20.2%. If market returns

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15, The risk-free rate of return is 3.0%, the market risk-premium is 5.7%, and the standard deviation of the market is 20.2%. If market returns are normally distributed, what is the probability that the market will out-perform the risk-free rate next year? A. 38.89% B. 44.68% C. 55.32% D. 61.11%

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