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Suppose the returns on long-term coporate bonds and T-bills are normally distributed. Based on the historical record, use the NORM-DIST function in Excel to answer the following questions:,a. What is the probability that in any given year, the return on long term corporate bonds will be greater than 10 percent? Less than 0 percent?,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?,c. In 1979, the return on long-term corporate bonds was -4.18 percent. How likely is it that this low of return will recur at some point in the future? T-bills had a return of 10.56 percent in this same year. How likely is it that this high of a return on T-bills will recur at some point in the future?

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