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1. While BLM was started 40 years ago, its common stock has been publicly traded for the past 25 years. 2. The returns on

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1. While BLM was started 40 years ago, its common stock has been publicly traded for the past 25 years. 2. The returns on its equity are calculated as arithmetic returns. 3. The historical returns for BLM for 2014 to 2018 are: 2014 2015 2016 2017 2018 Stock return 22.50% 15.30% 27.00% 37.80% 11.70% Given the preceding data, the average realized return on BLM's stock is 22.86% The preceding data series represents a sample historical returns is of BLM's historical returns. Based on this conclusion, the standard deviation of BLM's If investors expect the average realized return from 2014 to 2018 on BLM's stock to continue into the future, its coefficient of variation (CV) will be

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