Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Five years ago, you purchased 800 shares of stock. The annual returns have been 6.4 percent, -28.7 percent, 2.1 percent, 14.4 percent, and 32.6 percent,

Five years ago, you purchased 800 shares of stock. The annual returns have been 6.4 percent, -28.7 percent, 2.1 percent, 14.4 percent, and 32.6 percent, respectively. What is the variance of these returns?

A).04988

B) .030021

C) .030068

D) .050133

E) .050284

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

A Practical Guide To Quantitative Finance Interviews

Authors: Xinfeng Zhou

1st Edition

1735028800, 978-1735028804

More Books

Students also viewed these Finance questions

Question

=+20.12. If F(x-) Answered: 1 week ago

Answered: 1 week ago