If we assume that the annual return on common stocks are normally distributed, then approximately 95% of the returns will fall within the range ___________% if the average historical return is 13.2% with a standard deviation of 20.3%.

Multiple Choice

• -27.4 to 33.5

• -27.4 to 53.8

• -5.1 to 45.7

• -7.1 to 33.5

• 7.1 to 33.5