A local government has the following four major revenue sources--property taxes, sales taxes, intergovernmental revenues, and user charges. The standard deviation of the growth rate of these revenues sources are --6.89%, 8.45%, 10.89% and 6.54%, respectively. The proportion of these revenue sources are 45%,15%,15%,and 25%. What is the risk of the revenue portfolio ratio?
A local government has the following four major revenue sources--property taxes, sales taxes, intergovernmental revenues, and user charges. The standard deviation of the growth rate of these revenues sources are --6.89%, 8.45%, 10.89% and 6.54%, respectively. The proportion of these revenue sources are 45%,15%,15%,and 25%. What is the risk of the revenue portfolio ratio?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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A local government has the following four major revenue sources--property taxes, sales taxes, intergovernmental revenues, and user charges. The standard deviation of the growth rate of these revenues sources are --6.89%, 8.45%, 10.89% and 6.54%, respectively. The proportion of these revenue sources are 45%,15%,15%,and 25%. What is the risk of the revenue portfolio ratio?
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