You find a certain stock that had returns of 12 percent, - 15 percent, 13 percent, and

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You find a certain stock that had returns of 12 percent, - 15 percent, 13 percent, and 27 percent for four of the last five years. If the average return of the stock over this period was 10.5 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

ISBN: 978-0077861759

11th edition

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

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