Consider two local banks. Bank A has 100 loans outstanding, each for $1.1 million, that it expects will be repaid today. Each loan has a 3\% probability of default, in which case the bank is not repaid anything. The chance of default is independent across all the loans. Bank B has only one loan of $110 million outstanding, which it also expects will be repaid today. It also has a 3% probability of not being repaid. Calculate the following: a. The expected overall payoff of each bank. b. The standard deviation of the overall payoff of each bank. a. The expected overall payoff of each bank. The expected overall payoff of Bank A is $ million. (Round to two decimal places.) You observe a portfolio for five years and determine that its average return is 11.22% and the standard deviation of its returns is 19.07%. Would a 30% loss next year be outside the 95% confidence interval for this portfolio? The low end of the 95% prediction interval is %. (Round to two decimal places.) Ten annual returns are listed in the following table: a. What is the arithmetic average return over the 10 -year period? b. What is the geometric average return over the 10-year period? c. If you invested $100.00 at the beginning, how much would you have at the end? a. What is the arithmetic average return over the 10 -year period? The arithmetic average return over the 10 -year period is \%. (Round to two decimal places.)