Question
A stock had returns of 20%, 6%, and 4% over the previous 3 years. The average return on this stock over the 3-year period was
A stock had returns of 20%, 6%, and 4% over the previous 3 years. The average return on this stock over the 3-year period was 10%. What was the variance of this stock's returns over the previous 3 years?
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Handbook Of European Financial Markets And Institutions
Authors: Xavier Freixas, Philipp Hartmann, Colin Mayer
1st Edition
0199229953, 978-0199229956
