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Suppose the returns on long-term corporate bonds and T-bills are normally distributed. Assume for a certain time period, long-term corporate bonds had an average return
Suppose the returns on long-term corporate bonds and T-bills are normally distributed. Assume for a certain time period, long-term corporate bonds had an average return of 5.6 percent and a standard deviation of 9.1 percent. For the same period, T-bills had an average return of 4.1 percent and a standard deviation of 3.3 percent. Use the NORMDIST function in Excel to answer the following questions: What is the probability that in any given year, the return on long-term corporate
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