Question
Stocks offer an expected return of 20%, with a standard deviation 22%. Silver offers an expected return of 12% with a standard deviation of 30%.
Stocks offer an expected return of 20%, with a standard deviation 22%. Silver offers an expected return of 12% with a standard deviation of 30%. In light of the apparent inferiority of silver with respect to both mean return and volatility, why would anyone hold silver?
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Fundamentals Of Futures And Options Markets
Authors: John C. Hull
7th Edition
0136103227, 9780136103226
