问题如下:
A stock has an expected return of 15% and a volatility of 20%. The current price of the stock is USD 50,what is the mean and standard deviation of the continuously compounded return over three years?
选项:
解释:
The mean return (annualized) is
the standard deviation of the return is
3年不算 是长期吗?
不是很理解,什么时候return的平均值是 μ-0.5σ^2,什么时候return是μ。