You observe a portfolio for five years and determine that its average retum is 12.1 % and the standard deviation of its returns is 19.5%. Can you be 95% confident that this portfolio will not lose more than 38% of its value next year? Since the lower bound of a 95% confidence interval is 9 you be 95% confident that the portfolio will not lose more than 38% of its value next year (Round to one decimal place.)