Use the following information to answer Questions 37 - 40.

Hacker Corporation's stock produced returns of 22%, 14%, and -11% over three of the past four years. The arithmetic average for the past four years is 12.5%. What is the standard deviation of the stock's returns for the 4-year period?

	a.	14.29%
	b.	16.34%
	c.	17.08%
	d.	15.25%

2 points

QUESTION 38

Suppose the current T-bill rate is 0.15%. What is the risk premium of owing Hacker Corporation's stock?

	a.	12.35%
	b.	11.05%
	c.	9.15%
	d.	-12.85%

2 points

QUESTION 39

What range of returns would you expect to see 99% of the time?

	a.	(-5.67%, 31.67%)
	b.	(-36.52%, 61.52%)
	c.	(-22.54%, 44.54%)
	d.	(-32.37%, 51.37%)

2 points

QUESTION 40

What is the geometric average return for the 4-year period?

	a.	11.53%
	b.	10.91%
	c.	10.68%
	d.	12.97%