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 7 . 3 percent, 1 5 . 2 percent,

You've observed the following returns on Pine Computer's stock over the past five years: -27.3 percent, 15.2 percent, 33.4 percent, 3.1 percent, and 22.1 percent.
a. 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.
b. 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.
c. 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.
Answer is not complete.
\table[[a. Arithmetic average return,,%6
image text in transcribed

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

Business Finance

Authors: Ronald R. Pitfield

1st Edition

0852581513, 978-0852581513

More Books

Students also viewed these Finance questions

Question

Draw a labelled diagram of the Dicot stem.

Answered: 1 week ago