You find a certain stock that had returns of 9 percent, 16 percent, 18 percent, and 14

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You find a certain stock that had returns of 9 percent, −16 percent, 18 percent, and 14 percent for four of the last five years. If the average return of the stock over this period was 10.3 percent, what was the stock’s return for the missing year? What is the standard deviation of the stock’s return?

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Fundamentals of Corporate Finance

ISBN: 978-1260153590

12th edition

Authors: Stephen M. Ross, Randolph W Westerfield, Robert R. Dockson, Bradford D Jordan

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