Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Your investment has a 30% chance of earning a 9% rate of return, a 40% chance of earning a 21% rate of return and a

image text in transcribed
Your investment has a 30% chance of earning a 9% rate of return, a 40% chance of earning a 21% rate of return and a 30% chance of earning -3%. What is the standard deviation on this investment? (Put your answers in decimal points instead of percentage)

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

The Solomon Secret 7 Principles Of Financial Success From King Solomon Historys Wealthiest Man

Authors: Bruce Fleet, Alton Gansky

1st Edition

1585428183, 978-1585428182

More Books

Students also viewed these Finance questions

Question

what is NFPA's take on assembly occupancy for nightclubs

Answered: 1 week ago