Question: Given the following historical returns, what is the variance? Year 1 = 9 % ; year 2 = - 1 1 % ; year 3

Given the following historical returns, what is the variance? Year 1=9%; year 2=-11%; year 3=8%; year 4=-12%; and year 5=-9%.
a).0134
b)-.0075
c).0075
d)-.0112
e).0112

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