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Problem 10-9 Calculating Returns and Variability [LO 1] You've observed the following returns on Pine Computer's stock over the past five years: -29.7 percent,

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Problem 10-9 Calculating Returns and Variability [LO 1] You've observed the following returns on Pine Computer's stock over the past five years: -29.7 percent, 16.8 percent, 36.6 percent, 3. percent, and 22.9 percent. a. What was the arithmetic average return on the stock over this five-year period? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. b. What was the variance of the returns over this period? Note: Do not round intermediate calculations and round your answer to 6 decimal places, e.g., .161616. c. What was the standard deviation of the returns over this period? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. a. Arithmetic average return b. Variance c. Standard deviation % %

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