Given the following share price history, calculate the standard deviation of the returns on this stock.

Year	Share price
1	$35
2	$30
3	$39
4	$42
5	$45

Select one:

a. 0.18%

b. 5.89%

c. 18.08%

d. 3.27%

e. 1.81%

What is the geometric average return of a stock with the following share price history?

Year	Share price
1	$35
2	$30
3	$39
4	$42
5	$45

Select one:

a. 7.95%

b. 7.64%

c. 7.14%

d. 6.84%

e. 6.48%

The average historical annual return on a stock is 7.16%, with a standard deviation of 44.35%. What is the 97.5% annual value-at-risk (VaR) on a $1 million investment in this stock?

Select one:

a. -$371,900

b. -$443,000

c. -$815,400

d. -$975,000

e. -$1,000,000