Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Youve observed the following returns on Pine Computers stock over the past five years: 14 percent, 7 percent, 17 percent, 15 percent, and 10 percent.

Youve observed the following returns on Pine Computers stock over the past five years: 14 percent, 7 percent, 17 percent, 15 percent, and 10 percent.

a. What was the arithmetic average return on the companys 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 companys returns over this period? (Do not round intermediate calculations and round your answer to 5 decimal places, e.g., .16161.)

b-2. What was the standard deviation of the companys 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 with AI-Powered 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

Students also viewed these Finance questions