Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You find a certain stock that had returns of 13 percent, -20 percent, 21 percent, and 12 percent for four of the last five years.

image text in transcribed
You find a certain stock that had returns of 13 percent, -20 percent, 21 percent, and 12 percent for four of the last five years. The average return of the stock over this period was 9.3 percent a.What was the stock's return for the missing year? (Do not round intermediate calculations and enter your answer as a percent rounded to 1 decimal place, e.g., 32.1.) b.What is the standard deviation of the stock's returns? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) % a. Missing return b. Standard deviation %

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Finance For Non Financial Managers

Authors: Pierre G. Bergeron

5th Edition

0176104070, 9780176104078

More Books

Students also viewed these Finance questions

Question

3. Raster images for screen projects need to be 72 dpi to scale.

Answered: 1 week ago