Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Youve observed the following returns on Crash-n-Burn Computers stock over the past five years: 3 percent, 12 percent, 29 percent, 17 percent, and 14 percent.

Youve observed the following returns on Crash-n-Burn Computers stock over the past five years: 3 percent, 12 percent, 29 percent, 17 percent, and 14 percent.

A. What was the arithmetic average return on the company's stock over this five-year period?

B. What was the variance of the company's returns over this period?

C. What was the standard deviation of the companys returns over this period?

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

Focus On Personal Finance

Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart

6th Edition

125991965X, 978-1259919657

More Books

Students also viewed these Finance questions

Question

Will the company help with relocation expenses?

Answered: 1 week ago

Question

=+ Is the information source respected?

Answered: 1 week ago

Question

=+ Is the source or sponsor of the information indicated?

Answered: 1 week ago