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9. 2.00 points Problem 10-24 Using Return Distributions [LO 3] Suppose the returns on long-term government bonds are normally distributed. Assume long- term government bonds

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9. 2.00 points Problem 10-24 Using Return Distributions [LO 3] Suppose the returns on long-term government bonds are normally distributed. Assume long- term government bonds have a mean return of 5.1 percent and a standard deviation of 8.6 percent. What is the probability that your return on these bonds will be less than -3.5 percent in a given year? Use the NORMDIST function in Excel to answer this question. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, eg.. 32.16.) Probability What range of returns would you expect to see 68 percent of the time? (A negative answer should be indicated by a minus sign. Input your answers from lowest to highest to receive credit for your answers. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, eg. 32.16.) Expected range of retums to What range would you expect to see 95 percent of the time? (A negative answer should be indicated by a minus sign. Input your answers from lowest to highest to receive credit for your answers. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Expected range of retums References eBook & Resources Worksheet Dificulty 2 Intermediate Section 10.4 The Variability of Returns The Second Lesson Problem 10-24 Using Return Distributions ILO 31 Learning Objective: 10-03 Explain the historical risks on various important types of investments Check my work

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