Question: Suppose the returns on long-term corporate bonds are normally distributed (mean 6,2% and standard deviation 8,3%). Based on the historical record, what is the approximate

Suppose the returns on long-term corporate bonds are normally distributed (mean 6,2% and standard deviation 8,3%). Based on the historical record, what is the approximate probability that your return on these bonds will be less than -2.1 percent in a given year? What range of returns would you expect to see 95 percent of the time? What range would you expect to see 99 percent of the time?

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