You find a certain stock that had returns of 15 percent, 9 percent, 18 percent, and 11

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You find a certain stock that had returns of 15 percent, 9 percent, −18 percent, and 11 percent for four of the last five years. If the average return of the stock over this period was 10.35 percent, what was the stock’s return for the missing year? What is the standard deviation of the stock’s returns?

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Corporate Finance Core Principles and Applications

ISBN: 978-1259289903

5th edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan

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