Suppose the average return on FTSE TMX Canada long-term bonds is 6.40% and the standard deviation is 7.60% and the average return and standard deviation on T-bills are 3.50% and 3.00%, respectively. Further assume that the returns are normally distributed. Use the NORMDIST function in Excel to answer the following questions. (Do not round intermediate calculations. Round the final answers to 2 decimal places.) a. What is the probability that in any given year, the return on long-term corporate bonds will be greater than 9%? Less than 0%? Greater than 9% % Less than 0% % b. What is the probability that in any given year, the return on T-bills will be greater than 9%? Less than 0%? Greater than 9% % Less than 0% % c-1 In 1981, the return on FTSE TMX Canada long-term bonds was -4.31%. How likely is it that such a low return will recur at some point in the future? Probability % c-2 T-bills had a return of 10.20% in this same year. How likely is it that such a high return on T-bills will recur at some point in the future? Probability %