QUESTIONS 19 THROUGH 32 RELATE TO QUANTITATIVE METHODS

31. The most recent returns of a fund are as follow:

Year Return (%)

2007

–20.60

2008

15.00

2009

0.50

2010

9.80

2011

4.60

The mean absolute deviation of returns for the fund is closest to:

A. 9.53%.

B. 11.91%.

C. 13.69%.