Question: 1. Using Probability Distributions. Suppose the returns on long-term corporate bonds and T-bills are normally distributed. Based on the historical record, use the NORMDIST function

1. Using Probability Distributions. Suppose the returns on long-term corporate bonds and T-bills are normally distributed. Based on the historical record, use the NORMDIST function in Excel to answer the following questions:

b. What is the probability that in any given year, the return on T-bills will be greater than 10 percent? Less than 0 percent?

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