Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You find a certain stock that had returns of 11 percent, -18 percent, 24 percent, and 14 percent for four of the last five
You find a certain stock that had returns of 11 percent, -18 percent, 24 percent, and 14 percent for four of the last five years. The average retum of the stock over this period was 10.10 percent What was the stock's return for the missing year? (Round your answer to 1 decimal place. (e.g., 32.1)) Stock's return % What is the standard deviation of the stock's return? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Standard deviation %
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started