The Standard Deviation of Return to the Indian Stock Market

question 31

Multiple Choice

The standard deviation of return to the Indian stock market is 24.8% in local currency. The standard deviation of the Indian rupee against the Canadian dollar is 30.2%. Ignoring interactions between the Indian stock market and the value of the Indian rupee, what is the standard deviation of return of the Indian market to a Canadian investor?

• A) 0.550
• B) 0.153
• C) 0.391
• D) cannot be determined from the given information
• E) None of the above

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