Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

The table below shows annual returns for stocks of companies X and Y. Calculate the arithmetic average returns. In addition, calculate their variances, as well

image text in transcribed

The table below shows annual returns for stocks of companies X and Y. Calculate the arithmetic average returns. In addition, calculate their variances, as well as their standard deviations. Year Returns Y 9% 23 % 27 44 16 -13 -17 -27 18 52 Requirement 1: (a)The arithmetic average return of company X's stock is: (Click to select) (b) The arithmetic average return of company Y's stock is: (Click to select) Requirement 2: The variance of company X's stock returns is: (Do not round intermediate (a) calculations.) (Click to select) (b) The variance of company Y's stock returns is: (Do not round intermediate calculations.) (Click to select) v Requirement 3: The standard deviation of company X's stock returns is: (Do not round intermediate (a) calculations.) (Click to select) (b) The standard deviation of company Y's stock returns is: (Do not round intermediate calculations.) Click to select)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Advanced Accounting

Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik

10th edition

0-07-794127-6, 978-0-07-79412, 978-0077431808

Students also viewed these Finance questions

Question

What is the formula to calculate the mth Fibonacci number?

Answered: 1 week ago