You are choosing between these four investments and you want to be 95 %certain that you do not lose more than 18.00 % on your investment. Which investments could you choose?

S&P TSX S&P 500in CAD Long Term Gov't of Canada Bonds T Bills

Average Return 11.60 % 7.96 % 7.34 % 5.27%

Standard Deviation 17.28% 14.37% 10.15% 3.87%

Which of the following have the lower bound of the estimated range greater than

18.00 %?

(Select the best choice below.)

A.

All of the Investments

B.

T-Bills only

C.

Long-term Government of Canada Bonds and T-Bills

D.

S&P TSX and S&P 500 in CAD

E.

Long-term Government of Canada Bonds and S&P 500 in CAD