2 3 4 5 Four possible states of the economy for the next year, and the probabilty for each state are given in the table below. The table also includes the returns for Disney and Walmart. Use the data provided to answer the following questions: (a) What is the expected return for each stock? (b) What is the the standard deviation of the return for each stock? (c) What is the coefficient of variation for each stock and which stock has the lowest risk per unit of return? (d) What is the Sharpe Ratio for each stock? 6 8 9 10 Probability 15% 40% 30% 15% Returns Disney Walmart -9.00% -3.40% 2.80% 4.50% 8.50% 7.80% 23.00% 14.00% 11 12 Economy 13 Deep Recession 14 Recession 15 Stable 16 Expansion 17 18 Risk - Free Rate 19 20 21 22 2.030%