Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

pls answer fast, i will rate! 15 points Save Answer Deutsche Boerse AG German Stock Index DAX has an avernge annual market return of 13%

pls answer fast, i will rate!
image text in transcribed
15 points Save Answer Deutsche Boerse AG German Stock Index DAX has an avernge annual market return of 13% with a standard deviation of 20%. Both average return and its standard deviation are measured in local currency, euro(E). DAX's standard deviation in terms of US dollar ($) is measured as 23%. Also, the standard deviation of the direct exchange rate. 8. is 10%. Given there, what is the correlation coefficient between DAX returns and the direct exchange rate(g)? For the toolbar, press ALT F10 (PC) OR ALT FN F10 (Mac) R 15 points Save Answer Deutsche Boerse AG German Stock Index DAX has an avernge annual market return of 13% with a standard deviation of 20%. Both average return and its standard deviation are measured in local currency, euro(E). DAX's standard deviation in terms of US dollar ($) is measured as 23%. Also, the standard deviation of the direct exchange rate. 8. is 10%. Given there, what is the correlation coefficient between DAX returns and the direct exchange rate(g)? For the toolbar, press ALT F10 (PC) OR ALT FN F10 (Mac) R

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Fundamentals Of Electric Circuits

Authors: Matthew Sadiku, Charles Alexander

3rd Edition

978-0073301150, 0073301159

Students also viewed these Finance questions