What was the variance of this stocks returns
Problem
An stock returned 7.5%, 22.5%, and 15% over the previous 3 years resulting in an average return of 15% over this 3-year period. Over the previous 3 years, what was the variance of this stock's returns?
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An stock returned 7.5%, 22.5%, and 15% over the previous 3 years resulting in an average return of 15%. What was the variance of this stock's returns?
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