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Suppose the returns on long-term government bonds are normally distributed. Assume long-term government bonds have...

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Accounting

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Suppose the returns on long-term government bonds are normally distributed. Assume long-term government bonds have a mean return of 6.0 percent and a standard deviation of 9.9 percent. a. What is the approximate probability that your return on these bonds will be less than -3.9 percent in a given year? Use the NORMDIST function in Excel to answer this question. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b.What range of returns would you expect to see 95 percent of the time? (A negative answer should be indicated by a minus sign. Enter your answers from lowest to highest. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) c. What range would you expect to see 99 percent of the time? (A negative answer should be indicated by a minus sign. Enter your answers from lowest to highest. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. Probablility less than -3.90% Expected range of returns Expected range of returns 15.87 -13.40 -19.54 % % 25.40 % 31.54 % %

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