Question: Problem 12-9 Calculating Returns and Variability [LO1] You've observed the following returns on Pine Computer's stock over the past five years: 16 percent, 16 percent,

 Problem 12-9 Calculating Returns and Variability [LO1] You've observed the following

Problem 12-9 Calculating Returns and Variability [LO1] You've observed the following returns on Pine Computer's stock over the past five years: 16 percent, 16 percent, 18 percent, 28 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.)

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