Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A stock had returns of 20%, 12%, and 7% for the last 3 years. The average return on the stock over this period was 13%.
A stock had returns of 20%, 12%, and 7% for the last 3 years.
The average return on the stock over this period was 13%.
What was the variance of the stock's returns over this period?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started