Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An asset has an arithmetic average return of 14 percent, a geometric average return of 9.2 percent, and a standard deviation of 24.4 percent. Assuming

image text in transcribed

An asset has an arithmetic average return of 14 percent, a geometric average return of 9.2 percent, and a standard deviation of 24.4 percent. Assuming a normal distribution, what range of returns would you expect to see 95 percent of the time? - Just give the floor or lower number in the range. (Your answer will be a %, but just enter the number rounded to one decimal place and assuming the % sign. In other words, if you come up with an answer of 10.1%, just enter 10.1.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contemporary Issues In Behavioral Finance

Authors: Simon Grima

1st Edition

1787698823, 978-1787698826

More Books

Students also viewed these Finance questions

Question

what is a peer Group? Importance?

Answered: 1 week ago

Question

2. Define identity.

Answered: 1 week ago

Question

1. Identify three communication approaches to identity.

Answered: 1 week ago

Question

4. Describe phases of majority identity development.

Answered: 1 week ago