You observe a portfolio for five years and determine that its average return is 11.6% and the standard deviation of its returns in 19.4%. Can you be 95% confident that this portfolio will not lose more than 30% of its value next year?

PART A. Since the low end of the 95% prediction interval is ___%. (Enter your response as a percent rounded to one decimal place.)

PART B. Choose from the following: A. Yes, you can be confident that the portfolio will not lose more than 30% of its value next year. This is because the low end of the prediction interval is less than 30%. B. No, you cannot be confident that the portfolio will not lose more than 30% of its value next year. This is because the low end of the prediction interval is greater than 30%. C. No, you cannot be confident that the portfolio will not lose more than 30% of its value next year. This is because the low end of the prediction interval is less than 30%. D. Yes, you can be confident that the portfolio will not lose more than 30% of its value next year. This is because the low end of the prediction interval is greater than 30%.