Problem 2 (12 points, 4 points each) True or False. State whether the last sentence is true or false. No explanations are necessary; the grade will be based on the answer only. (a) In class, we showed estimated that MSFT has an expected return of 1% per month. A reasonable approximation is that MSFT will have an expected return of 3% over a quarter. (b) In class, we showed estimated that MSFT has a return volatility of 8.5% per month. A reasonable approximation is that MSFT will have an volatility of 25.5% over a quarter. (c) Suppose a certain stock has an expected return of 1%. The expected log return will be 0.995%