Over a Number of Years, the Average Annual Rate of Return

Multiple Choice

Over a number of years, the average annual rate of return for Fidelity's Contra mutual fund has been .11 with a standard deviation of .23.Assume annual returns are approximately normally distributed around the average rate.Using this historical information as the basis for the calculations, there is a 50% probability that this fund will have a rate of return between .05 and what value.

A) .402
B) .358
C) .290
D) .382
E) .394