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Problem 1-6 Calculating Variability (L04, CFA2) The rates of return on Cherry Jalopies, Inc., stock over the last five years were 17 percent, 11 percent,

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Problem 1-6 Calculating Variability (L04, CFA2) The rates of return on Cherry Jalopies, Inc., stock over the last five years were 17 percent, 11 percent, -2 percent, 3 percent, and 14 percent. Over the same period, the returns on Straw Construction Company's stock were 16 percent, 18 percent, -6 percent, 1 percent, and 22 percent. Calculate the variances and the standard deviations for Cherry and Straw. (Do not round intermediate calculations. Enter your variance as a decimal rounded to 5 decimal places. Enter your standard deviation as a percent rounded to 2 decimal places.) Cherry Straw Variance Standard deviation % %

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