Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The table below lists the means and volatilities of returns to equity denominated in local currency, the currency return, returns to equity denominated in USD,

image text in transcribed
The table below lists the means and volatilities of returns to equity denominated in local currency, the currency return, returns to equity denominated in USD, and the correlations between the returns to equity in each market and the US equity market for each country over the same period. Characteristics of foreign equity returns, 1980-2015 Means Volatilities Correlation Country Market Currency Dollar Market Currency Dollar with U.S. return return return return return return Canada 10.10 -0.10 10.46 16.18 7.06 20.05 0.75 France 12.35 -0.46 11.78 19.47 10.88 21.78 0.63 Germany 11.31 0.68 11.86 20.58 11.05 22.87 0.62 Italy 13.32 -1.56 11.65 23.85 10.78 25.69 0.46 Japan 6.74 2.55 9.13 18.97 11.39 21.46 0.38 U.K. 12.25 -0.52 11.64 15.88 10.15 18.51 0.68 U.S. 12.10 0.00 12.10 15.12 0.00 15.12 1.00

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

Marketing

Authors: Shane Hunt

3rd Edition

1260800458, 9781260800456

More Books

Students also viewed these Economics questions