You find a certain stock that had returns of 9%, 16%, 21%, and 17% for four of

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You find a certain stock that had returns of 9%, −16%, 21%, and 17% for four of the last five years. If the average return of the stock over this period was 10.3%, what was the stock’s return for the missing year? What is the standard deviation of the stock’s return? Assume the face value of the bond is $1,000.

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Fundamentals Of Corporate Finance

ISBN: 9781259654756

10th Canadian Edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan, Gordon Roberts, J. Ari Pandes, Thomas Holloway

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