Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You find a certain stock that had returns of 16 percent, 9 percent, 23 percent, and 24 percent for four of the last five years.

You find a certain stock that had returns of 16 percent, 9 percent, 23 percent, and 24 percent for four of the last five years. The average return of the stock over this period was 14.4 percent.

What was the stocks return for the missing year? (Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place, e.g., 32.1.)

What is the standard deviation of the stocks returns? (Do not round intermediate calculations. 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

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

Value Investing

Authors: Mike Hartley

1st Edition

979-8864443309

More Books

Students also viewed these Finance questions

Question

=+Define motor speech disorder.

Answered: 1 week ago

Question

Write Hund's rule?

Answered: 1 week ago