18.93 percent, −15.21 percent, 12.41 percent, and 25.54 percent for the past five years. What is the variance of the

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter8: Analysis Of Risk And Return
Section: Chapter Questions
Problem 17P
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A stock had returns of 14.47 percent, 18.93 percent, −15.21 percent, 12.41 percent, and 25.54 percent for the past five years. What is the variance of the returns?

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