Answered step by step
Verified Expert Solution
Question
1 Approved Answer
#13 Coca-Cola recently developed and implemented new Freestyle machines. These beverage machines replace the traditional dispensers in restaurants and allow customers unlimited combinations of drinks.
#13 Coca-Cola recently developed and implemented new Freestyle machines. These beverage machines replace the traditional dispensers in restaurants and allow customers unlimited combinations of drinks. Suppose that the price of Coca-Cola stock in the next year will depend on consumer response to these new machines. Let's assume that the current price of Coca-Cola is $60.00 per share. Below are projected Coca-Cola share values based on how the project responds: OUTCOME PROBABILITY SHARE PRICE Average Response 0.30 $57.00 Positive Response 0.70 $66.00 What is the standard deviation for Coca-Cola returns next year? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started