You Have a Sample of Returns Observations for the Malta

question 64

Multiple Choice

You have a sample of returns observations for the Malta Stock Fund.The 4 returns are 0.0725,0.056,0.125,0.010.What is the average return and variance of these returns?

• A)6.50%; .00169
• B)6.60%; .00225
• C)6.60%; .000475
• D)26.35%; .00676
• E)None of the above.

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Definitions:

FOB

Free On Board, a term used in shipping to indicate who is responsible for payment of transportation and insurance.

Freight

The charge paid for the transportation of goods, typically by sea, air, or land.

Free

Not under the control or in the power of another; able to act or be done as one wishes, or without cost or payment.

Supplies Expense

An expense reported on the income statement that reflects the cost of supplies used during the reporting period.