Five years ago you purchased 600 shares of stock The annual

Five years ago, you purchased 600 shares of stock. The annual returns have been 7.2 percent, -19.4 percent, 3.8 percent, 14.2 percent, and 27.9 percent, respectively. What is the variance of these returns? 0.029889 O 0.030284 0.030133 0.030068 0030021

Solution

Using var.s in Excel

variance = 0.029889

1	7.20%
2	-19.40%
3	3.80%
4	14.20%
5	27.90%