Question
You find a stock that had returns of 4%, -5%, -15%, and 16% for years 2012 - 2015. The average return of the stock for
You find a stock that had returns of 4%, -5%, -15%, and 16% for years 2012 - 2015. The average return of the stock for the 5-year period 2012 - 2016 was 13%.
(1) What is the return for year 2016? (2) What is the standard deviation of the stock's returns for the five-year period?
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International Financial Management
Authors: Cheol Eun, Bruce G. Resnick
8th edition
125971778X, 978-1259717789
