Returns for the Alcoff Company Over the Last 3 Years

question 30

Multiple Choice

Returns for the Alcoff Company over the last 3 years are shown below.What's the standard deviation of the firm's returns? (Hint: This is a sample, not a complete population, so the sample standard deviation formula should be used.)

• A) 20.08%
• B) 20.59%
• C) 21.11%
• D) 21.64%
• E) 22.18%

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Definitions:

Budget

An estimate of income and expenditure for a set period of time, often used for planning and managing finances.

Operating Budget

An estimation of the revenue and expenses over a specified future period of time, operationalizing a company's financial plan.

Debt Ratio

A financial ratio that measures the extent of a company's or individual's leverage, calculated by dividing total liabilities by total assets.

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The official currency of the United States, widely used as a standard of value and medium of exchange in international trade.