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Over the past five years, a stock returned -3.75 percent, 5.94 percent, 7.82 percent, -11.78
percent, and 35.02 percent, respectively. What is the variance (as a decimal fraction) of these
returns? Carry intermediate calculations to six decimals. Answer to four decimals. Your answer
should look something like 0.0123, or 0.0024.

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