Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The last four years of returns for a stock are as follows: Year 1 2 3 4 Return 3.7% 28.5% 11.5% 4.3% a. What is

The last four years of returns for a stock are as follows:

Year

1

2

3

4

Return

3.7%

28.5%

11.5%

4.3%

a. What is the average annual return? (round to 2 decimal places)

b. What is the variance of the stock's returns? (round to five decimal places. write as a percentage and a decimal)

c. What is the standard deviation of the stock's return (I think you can round to the second decimal place)

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

Generational Wealth Personal Financial Handbook

Authors: Sherique Dill

1st Edition

1985161222, 978-1985161221

More Books

Students also viewed these Finance questions