52. Consider the CSRSX fund in Table 5.10 (whose standard deviation is 24.1%) discussed in Example 14 (page 207).
Complete these sentences, a slight variation of which is commonly used in investment advising: In about 95% of future annual returns, the fund is expected to earn about 12.15% each year, plus or minus ______. This means that in 95% of future years, the fund may do as well as ___% or as poorly as _____ %.
Based on your answers to part (a), would this kind of fund be more attractive to an 80-year-old retired person living on a modest fixed pension or to a young working professional? Explain.