d) The typical level of the monthly volatility of the S&P index is about 4%. Using a risk premium of 6% and a risk free rate of 5 % per year, what is the probability that a portfolio of 100,000$ invested in the S&P will lose 5,000$ or more during the next month? [3 marks) d) The typical level of the monthly volatility of the S&P index is about 4%. Using a risk premium of 6% and a risk free rate of 5 % per year, what is the probability that a portfolio of 100,000$ invested in the S&P will lose 5,000$ or more during the next month? [3 marks)