Question
A stock had returns of 30%, 28%, and 14% for the last 3 years. The average return on the stock over this period was 24%.
A stock had returns of 30%, 28%, and 14% for the last 3 years. The average return on the stock over this period was 24%. What was the variance of the stock's returns over this period?
Do not round intermediate calculations. Round the final answer to 5 decimal places.
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Financial Management Theory And Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
17th Edition
0357714482, 9780357714485
