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The last four years of returns for a stock are as shown here: Year 1 2 3 4 Return 4.1% +27.8% +12.2% +4.4% . a.

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

Year

1

2

3

4

Return

4.1%

+27.8%

+12.2%

+4.4%

.

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?

Note: Notice that the average return and standard deviation must be entered in percentage format. The variance must be entered in decimal format.

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