Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

You've observed the following returns on SkyNet Data Corporation's stock over the past five years: 12 percent, -9 percent, 20 percent, 17 percent, and 10

You've observed the following returns on SkyNet Data Corporation's stock over the past five years: 12 percent, -9 percent, 20 percent, 17 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 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 company's 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

Recommended Textbook for

Fundamentals Of Corporate Finance

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

13th Edition

9781265553609

Students also viewed these Finance questions

Question

What is a cloud - native application?

Answered: 1 week ago