Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The EWJ is the iShares MSCI Japan ETF. The purpose of the EWJ is to provide U.S. investors exposure to 321 medium and large Japanese

The EWJ is the iShares MSCI Japan ETF. The purpose of the EWJ is to provide U.S. investors exposure to 321 medium and large Japanese companies in an index fund with a single purchase on U.S. markets. The Beta of the EWJ is currently 0.69 and the standard deviation over the last three years averaged 15.29%. Over the last five years, the annual return on the EWJ was 10.07%. The 10-year U.S. treasury is at 1.59% (and you use this as your risk-free rate in your business). What is the Treynor measure for the EWJ? (Answer in percent, without a percentage sign, and rounded to two decimals.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

International Financial Management

Authors: Jeff Madura

3rd Edition

0314862722, 978-0314862723

More Books

Students also viewed these Finance questions