Which one of the following is a correct ranking of securities based on the volatility of their annual returns over the period of 1926-2013? Rank from highest to lowest.

Multiple Choice

a.Intermediate-term government bonds, long-term corporate bonds, U.S. Treasury bills

b.Long-term government bonds, long-term corporate bonds, intermediate-term government bonds

c.Large-company stocks, U.S. Treasury bills, long-term government bonds

d.Small-company stocks, long-term corporate bonds, large-company stocks

e. Large-company stocks, small-company stocks, long-term government bonds