Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Question
Given the following historical returns, what is the standard deviation? Year 1 = 9%; year 2 = -11%; year 3 = 8%; year 4 = -12%; and year 5 = -9%.
The correct answer is 10.56%. How was that found
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