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The last four years of returns for a stock are as follows: Year 1 2 3 4 Return 4.0% 28.0% 12.0% 4.0% a. What is

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

Year

1

2

3

4

Return

4.0%

28.0%

12.0%

4.0%

a. What is the average annual return?

b. What is the variance of the stock's returns?

c. What is the standard deviation of the stock's returns?

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