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At the time of purchase, CurlyGirl Salon cost $135 per share. The current stock price is $160.53 per share. Over the five-year holding period, CurlyGirl

At the time of purchase, CurlyGirl Salon cost $135 per share. The current stock price is $160.53 per share. Over the five-year holding period, CurlyGirl produced the following annual returns: 0%, -2%, 8%, 5%, 7%. What is the standard deviation of the annual returns for this sample?

4.51%

3.36%

3.93%

4.39%

3.60%

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