TheStock Data belowcontains monthly data for several stocks and the S&P 500 Index (i.e., the market).

1. Compute the average monthly return for INTC and the S&P 500.
2. Compute the annualized return on a Simple Basis for INTC and the S&P 500.
3. Compute the annual variance and the annual standard deviation for INTC and the S&P 500.
4. Compute the annual variance and the annual standard deviation for a stock if the stock's quarterly variance is 3%.

Monthly Return Data for Several Stocks and the S & P 500
Month	Eating	Dell	INTC	MSFT	NT	PFE	S&P 500
1	-2.90%	-9.51%	1.94%	-16.18%	-3.23%	4.31%	2.40%
2	4.79%	10.51%	10.47%	12.03%	16.66%	7.61%	5.20%
3	2.91%	7.93%	12.07%	8.29%	-0.72%	-0.56%	4.00%
4	4.25%	-7.34%	-10.77%	-12.40%	2.16%	-5.94%	-0.50%
5	5.30%	-14.27%	5.18%	3.30%	13.38%	14.35%	9.00%
6	-0.88%	3.70%	-1.64%	7.31%	10.56%	6.54%	1.90%
7	3.54%	1.78%	7.50%	16.59%	-3.93%	-0.90%	-0.40%
8	3.76%	-15.77%	4.65%	19.34%	5.85%	-1.45%	-2.30%
9	2.94%	-4.16%	2.96%	6.42%	-2.76%	10.47%	2.10%
10	2.86%	-4.34%	-0.72%	0.00%	5.11%	-6.24%	2.40%
11	-0.86%	-15.88%	14.50%	6.32%	1.08%	-1.44%	-6.70%
12	0.41%	35.06%	1.90%	6.76%	3.74%	-13.12%	1.30%
13	-2.85%	21.97%	3.73%	12.15%	2.06%	2.76%	2.60%
14	-3.05%	11.46%	-5.39%	4.74%	-4.55%	-6.39%	-2.50%
15	4.85%	29.49%	22.15%	25.86%	17.46%	17.24%	9.80%
16	1.26%	14.75%	-2.59%	4.11%	-0.45%	-2.66%	-0.70%
17	5.82%	-6.92%	-5.32%	-12.50%	-1.81%	18.13%	-0.30%
18	-7.20%	0.00%	-24.99%	-7.52%	-11.98%	-5.49%	-9.00%
19	-0.86%	-25.57%	-0.38%	2.44%	-2.09%	-0.53%	-4.90%
20	5.10%	21.51%	0.75%	1.19%	12.84%	3.01%	-0.40%
21	1.69%	23.49%	11.94%	13.33%	-2.37%	11.90%	6.40%
22	-0.83%	40.97%	2.66%	4.16%	9.71%	0.00%	2.70%
23	0.86%	22.31%	18.83%	30.40%	-1.77%	11.30%	4.40%
24	4.66%	11.58%	4.37%	5.73%	5.86%	17.59%	7.20%
25	4.45%	12.89%	-2.10%	2.29%	6.81%	1.90%	2.40%
26	0.34%	-17.99%	5.35%	-6.71%	11.55%	1.87%	0.30%
27	0.00%	5.87%	13.20%	10.86%	7.14%	8.65%	4.30%
28	1.18%	-1.01%	-16.59%	-6.89%	-2.67%	-5.73%	-4.60%
29	6.25%	17.36%	1.08%	7.89%	8.90%	11.49%	4.70%
30	0.37%	13.46%	5.32%	15.99%	0.31%	6.43%	2.40%
31	5.95%	2.32%	-14.65%	4.40%	-1.57%	-0.57%	-1.60%
32	0.00%	-25.48%	-3.83%	5.48%	6.69%	9.98%	1.30%
33	6.43%	-5.52%	0.91%	3.59%	4.18%	-6.88%	-4.00%
34	7.72%	9.03%	19.51%	14.40%	3.15%	26.55%	11.40%
35	-6.22%	24.39%	22.21%	8.09%	3.89%	-13.09%	-1.90%