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1 . Are stock prices a random walk? a ) Go to finance.yahoo.com and download Apple s ( AAPL ) entire price history on daily
Are stock prices a random walk?
a Go to finance.yahoo.com and download Apples AAPL entire price history on daily basis to an Excel spreadsheet.
b Calculate daily returns percent change in the adjusted closing price
c How many days was the stock updownno change from the IPO date to the most recent trading day?
d Also compute the total and annual return to this stock
e Is Apples stock price series a random walk based on your computation? Explain your reasoning.
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