Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You ve observed the following returns on Pine Computer s stock over the past five years: 2 4 . 3 percent, 1 3 . 2

Youve observed the following returns on Pine Computers stock over the past five years: 24.3 percent, 13.2 percent, 29.4 percent, 2.1 percent, and 21.1 percent.
What was the arithmetic average return on the stock over this five-year period?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.
What was the variance of the returns over this period?
Note: Do not round intermediate calculations and round your answer to 6 decimal places, e.g.,.161616.
What was the standard deviation of the returns over this period?
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

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

Portfolio Performance Measurement And Benchmarking

Authors: Jon Christopherson, David Carino, Wayne Ferson

1st Edition

0071496653, 978-0071496650

More Books

Students also viewed these Finance questions