The Variance of Returns Is Computed by Dividing the Sum

Multiple Choice

The variance of returns is computed by dividing the sum of the:

A) squared deviations by the number of returns minus one.
B) average returns by the number of returns minus one.
C) average returns by the number of returns plus one.
D) squared deviations by the average rate of return.
E) squared deviations by the number of returns plus one.