Question

Florida Company (FC) and Minnesota Company (MC) are both service companies. Their historical return for the past three years are: FC: -5%, 15%, 20%; MC: 8%, 8%, 20%.
Calculate the variances of return for FC and MC.
A. FC: 100 MC: 256
B. FC: 350 MC: 96
C. FC: 175 MC: 48
D. None of the above

Answer

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