Problem:
Over the past six years, a stock had annual returns of 14 percent, -3 percent, 8 percent, 21 percent, -16 percent, and 4 percent, respectively.
Requirement:
Question: What is the standard deviation of these returns?
- 11.27 percent
- 13.05 percent
- 13.59 percent
- 15.08 percent
- 14.40 percent
Note: Please provide step by step solution.