Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You find a certain stock that had returns of 17 percent, 24 percent, 25 percent, and 8 percent for four of the last five years.
You find a certain stock that had returns of 17 percent, 24 percent, 25 percent, and 8 percent for four of the last five years. The average return of the stock over this period was 10.4 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).) |
Stocks return | % |
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).) |
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