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Consider these historical annual returns for the SPSM small-cap ETF. (Google it as needed). Date...

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Finance

Consider these historical annual returns for the SPSM small-cap ETF. (Google it as needed).

Date Return

12/31/99 -22.180% 12/31/00 0.270% 12/31/01 4.190% 12/31/02 38.310% 12/31/03 16.520% 12/31/04 25.600% 12/31/05 27.330% 12/31/06 31.530% 12/31/07 21.430% 12/31/08 10.500% 12/31/09 -0.790% 12/31/10 14.120% 12/31/11 -16.340% 12/31/12 9.810% 12/31/13 14.830% 12/31/14 -2.430% 12/31/15 -2.670% 12/31/16 -38.250% 12/31/17 12.500% 12/31/18 32.650%

A. What is the average return? Compute your answer to three decimal places.

B. What is the standard deviation of the returns? (Hint, use sample stdev formula not the population formula. Recall this from your Stats class or google it). Compute your answer to three decimal places.

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