1. Which one of the following had the greatest volatility for the period 1926-2012?

large-company stocks

a. U.S. Treasury bills

b. long-term government bonds

c. small-company stocks

d. long-term corporate bonds

For the period 1926-2015, long-term government bonds had an average return that ________ the average return on long-term corporate bonds while having a standard deviation that ________ the standard deviation of the long-term corporate bonds.

a. exceeded; was less than

b. exceeded; equaled

c. exceeded; exceeded

d. was less than; exceeded

e. was less than; was less than