1. While FF 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 FF for 2012 to 2015 are: 2012 17.50% 2013 11.90% 2014 21.00% 2015 29.40% 2016 9.10% Stock return Given the preceding data, the average realized return on FF's stock is of FF's historical returns. Based on this conclusion, the standard deviation of FF's historical The preceding data series represents returns is If investors expect the average realized return from 2012 to 2016 on FF's stock to continue into the future, its coefficient of variation (CV) will be