Use the table for the question(s) below.

Consider the following realized annual returns:

Year End	S&P 500 Realized Return	IBM Realized Return
1996	23.6%	46.3%
1997	24.7%	26.7%
1998	30.5%	86.9%
1999	9.0%	23.1%
2000	2.0%	0.2%
2001	17.3%	3.2%
2002	24.3%	27.0%
2003	32.2%	27.9%
2004	4.4%	5.1%
2005	7.4%	11.3%

The standard deviation of the returns on IBM from 1996 to 2005 is closest to:

A.

31.5%

B.

16.4%

C.

11.0%

D.

33.2%