3. Arbitrage describes which one of the following: a. Making profits without taking on any risk b. Selling securities that you do not own c. Refinancing debt when interest rates decline d. A trading halt on the floor of the exchange 4. Based on the historical data from 1926 to 2015 in the U.S., Fill in the blanks. Average Annual Return Standard Deviation of Annual Returns Large-company stocks Small-company stocks Long-term corporate bonds Long-term government bonds U.S. Treasury bills 3. Arbitrage describes which one of the following: a. Making profits without taking on any risk b. Selling securities that you do not own c. Refinancing debt when interest rates decline d. A trading halt on the floor of the exchange 4. Based on the historical data from 1926 to 2015 in the U.S., Fill in the blanks. Average Annual Return Standard Deviation of Annual Returns Large-company stocks Small-company stocks Long-term corporate bonds Long-term government bonds U.S. Treasury bills