Based on your information, you estimate that your new client Jennifer, age 65, has a 30 percent chance of being alive at 93 years old. You also estimate that her husband, Jack who is also 65 years old, has a 20 percent chance of being alive at 93 years old. Based on this information, which of the following is/are true? 1. There is less than a 4 percent chance both Jack and Jennifer are alive at 93 years of age. II. All else equal, a higher percentage chance of being alive at older ages decreases the required rate of return for the client. III. There is more than a 40 percent chance that either Jack or Jennifer is alive at 93 years of age. Based on your information, you estimate that your new client Jennifer, age 65, has a 30 percent chance of being alive at 93 years old. You also estimate that her husband, Jack who is also 65 years old, has a 20 percent chance of being alive at 93 years old. Based on this information, which of the following is/are true? 1. There is less than a 4 percent chance both Jack and Jennifer are alive at 93 years of age. II. All else equal, a higher percentage chance of being alive at older ages decreases the required rate of return for the client. III. There is more than a 40 percent chance that either Jack or Jennifer is alive at 93 years of age