Comparing the Range of the One-Year Returns on Stocks to the Range

Multiple Choice

Comparing the range of the one-year returns on stocks to the range of the twenty-year returns over the period from 1926 to 2005 reveals that

A) the range has been about the same.
B) the range has been narrower for one-year returns.
C) the range has been narrower for twenty-year returns.
D) there has been no consistent relationship between the ranges for one-year returns and twenty-year returns.