Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You've observed the following returns on Bennington Corporation's stock over the past five years: 16 percent, -16 percent, 18 percent, 28 percent, and 10 percent.

image text in transcribed

You've observed the following returns on Bennington Corporation's stock over the past five years: 16 percent, -16 percent, 18 percent, 28 percent, and 10 percent. a. What was the arithmetic average return on the company's stock over this five-year period? (Do not round intermediate calculations and enter your answer as a percent rounded to 1 decimal place, e.g., 32.1.) b-1. What was the variance of the company's stock returns over this period? (Do not round intermediate calculations and round your answer to 5 decimal places, e.g., 32161.) b-2. What was the standard deviation of the company's stock returns over this period? (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_2

Step: 3

blur-text-image_3

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

American Public School Finance

Authors: William A. Owings, Leslie S. Kaplan

1st Edition

0495807834, 9780495807834

More Books

Students also viewed these Finance questions

Question

Which month and year had the highest sales amount?

Answered: 1 week ago