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The following stock price information has been collected for stock XYZ: End of year Closing price 2023 $127 2022 $119 2021 $123 2020 $118

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The following stock price information has been collected for stock XYZ: End of year Closing price 2023 $127 2022 $119 2021 $123 2020 $118 2019 $121 XYZ has a correlation with the market portfolio of 0.60. The S&P 500 market portfolio has a standard deviation of 20%. What is the arithmetic average return for XYZ over the sample period? 5.18% 1.31% None are correct 3.52%

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