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on long-term corporate bonds are normally distributed. Based on the historical record, what is the approximate probability that your return on these bonds will
on long-term corporate bonds are normally distributed. Based on the historical record, what is the approximate probability that your return on these bonds will be less than -2.1 percent in a given year? What range of returns would you expect to see 95 percent of the time? What range would you expect to see 99 percent of the time? Input area: 5 Average return 7 Standard deviation 8 Return less than 9 6.40% 8.50% -2.10% LO (Use cells A6 to B8 from the given information to complete this question. You must use the 11 built-in Excel function to answer this question.) 12 13 Output area: 14 15 Probability less than -2.10 percent 16 Range 17 95 percent -100.00% Lower return Upper return 4.20% 18 99 percent 19
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