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Year Historical return for Palm Trees Realty 2003 12% 2002 -3% 2001 0% Choose one closest to the historical average return. a) 2% b) 3%

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Year Historical return for Palm Trees Realty 2003 12% 2002 -3% 2001 0% Choose one closest to the historical average return. a) 2% b) 3% c) 4% d) 5% e) 6% Choose one closest to the historical standard deviation. a) 5% b) 6% c) 7% d) 8% e) 9%

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