The standard deviation for the return on an portfolio of 20 type S firms is closest to ________
Consider an economy with two types of firms, S and I. S firms always move together, but I firms move independently of each other. For both types of firms there is a 70% probability that the firm will have a 20% return and a 30% probability that the firm will have a -30% return.
A) 13.75%
B) 22.91%
C) 5.00%
D) 4.58%
Answer: B
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The flexible budget variance for direct cost inputs can be further subdivided into
a. a static-budget variance and a sales-volume variance. b. a sales-volume variance and an efficiency variance. c. a price variance and an efficiency variance. d. a static-budget variance and a price variance.
The trade term " ________" is used when the seller fulfills his obligations to deliver by handing over the goods, cleared for export, to a carrier named by the buyer
A. ex works B. free carrier C. charterparty D. demurrage