The countries of Stabilato and Variato have the following average returns and st

Question

The countries of Stabilato and Variato have the following average returns and standard deviations for their stocks, bond, and short term government securities. what range of returns should you expect to earn 95% of the time for each asset class if you invested in Stabilato's and Variato's securities?   

Stabilato Asset                              Average Return                        Standard Deviation

Stocks                                         8%                                                 3%

Bonds                                          5%                                                2%

Short term Gov                              3%                                              1%

Variato Stocks                              15%                                             13%

bonds                                          10%                                             8%

short term gov                              6%                                            3%

Explanation / Answer

Normally, Canadian individual tax returns for any specific year must be filed by April 30 of the following year. There is no provision for generally extending this deadline, but there are a few exceptions.

Tax returns for self-employed individuals and their spouses must be filed by June 15 of the following year. However, any GST/HST owing for the period is due April 30.
Tax returns for deceased individuals must be filed by the normal filing deadline or 6 months after the date of death, whichever comes later. Example: Mary dies on January 30, 2004; Her 2003 return is due on July 30, 2004 (six months later) and her 2004 return is due on April 30, 2005 (normal filing deadline). This provision is also extended to the surviving spouse.
Tax returns for non-residents electing to file under section 217 are due June 30 of the following year.
By virtue of the Interpretation Act the due date of all individual returns is moved to the next business day when the normal due date falls on a Sunday or Holiday. Although ministerial orders are also used to apply this to Saturday due dates, it is not a legal requirement.
The Federal Finance Minister may extend the deadline in cases of emergency situations such as floods, etc.

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