b) Given the following possible returns (dividends plus capital gains) over the coming year from a 10,000 investment in General Taylor plc common stock: State of economy Probability Return Recession 0.2 -1,000 0.6 1,500 Normal year Boom 0.2 2,500 Required (i) Calculate the expected return. (ii) Calculate the standard deviation of returns. (iii) Calculate the Coefficient of variation. c) Explain the following features that may be embedded in a bond: (i) Callable (ii) Puttable (iii) Convertible (3 marks) (3 marks) (3 marks) (2 marks) (2 marks) (2 marks)