The Standard Deviation of Return to the Indian Stock Market

Multiple Choice

The standard deviation of return to the Indian stock market is 24.8% in local currency. The standard deviation of the Indian rupee against the Canadian dollar is 30.2%. Ignoring interactions between the Indian stock market and the value of the Indian rupee, what is the standard deviation of return of the Indian market to a Canadian investor?

A) 0.550
B) 0.153
C) 0.391
D) cannot be determined from the given information
E) None of the above