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The following table shows the nominal returns on Brazilian stocks and the rate of inflation. Year Nominal Return (%) Inflation (%) 2015 0.3 6.0 2016

The following table shows the nominal returns on Brazilian stocks and the rate of inflation.

Year Nominal Return (%) Inflation (%)
2015 0.3 6.0
2016 -18.0 6.1
2017 -16.0 6.6
2018 -41.6 10.9
2019 66.4 6.5
2020 27.1 3.1

What was the standard deviation of the market returns?

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