Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You find a certain stock that had returns of 14.4 percent, 22.2 percent, 28.2 percent, and 19.2 percent for four of the last five years.
You find a certain stock that had returns of 14.4 percent, 22.2 percent, 28.2 percent, and 19.2 percent for four of the last five years. Assume the average return of the stock over this period was 12.4 percent. a. What was the stock's return for the missing year? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. b. What is the standard deviation of the stock's returns? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16
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