The annual returns on U.S. corporate stock and U.S. Treasury bonds over the next 12 months are

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The annual returns on U.S. corporate stock and U.S. Treasury bonds over the next 12 months are uncertain. Suppose that these returns can be described by normal distributions with U.S. corporate stock having a mean of 15% and standard deviation of 20%, and U.S. Treasury bonds having a mean of 6% and standard deviation of 9%. Which asset is more likely to have a negative return? Explain your reasoning.

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