Problem:
A stock had returns of 5 percent, -3 percent, 2 percent, and 14 percent over the past 4 years.
Required:
Question: What is the standard deviation of this stock for the past four years?
- 12.4 percent
- 3.6 percent
- 4.5 percent
- 7.1 percent
Note: Please explain comprehensively and give step by step solution.