Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Problem 12-14 Calculating Returns and Variability (LO1) You find a certain stock that had returns of 9.6%, -16.6%, 21.6 %, and 17.6% for four of
Problem 12-14 Calculating Returns and Variability (LO1) You find a certain stock that had returns of 9.6%, -16.6%, 21.6 %, and 17.6% for four of the last five years. The average return of the stock over this period was 10.9%. Assume the face value of the bond is $1,000. What was the stock's return for the missing year? (Round the final answer to 1 decimal place.) Stock's return % What is the standard deviation of the stock's return? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Standard deviation %
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started