Let the standard deviation of the annual continuously compounded rate of return on a stock be 47% ( = 0.47 and 2 = 0.2209), then

Let the standard deviation of the annual continuously compounded rate of return on a stock be 47% (σ = 0.47 and σ2 = 0.2209), then the variance of the one month investing horizon rate of return will equal

a. 12.26%

b. 14.08%

c.13.57%

d. 7.28%