3. You are a financial analyst facing the task of selecting bond mutual funds to purchase for a client's portfolio. You have narrowed the funds to be selected to ten different funds. In order to...

Extracted text: 3. You are a financial analyst facing the task of selecting bond mutual funds to purchase for a client's portfolio. You have narrowed the funds to be selected to ten different funds. In order to diversify your client's portfolio, you will recommend the purchase of four different funds. Six of the funds are short- term corporate bond funds. What is the probability that of the four funds selected, three are short-term corporate bond funds? (25%)