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Consider Fancy, Inc. stock. Based on the probability of economic outlooks, Fancy, Inc. stock is expected to earn 10.79% in the upcoming year with a

Consider Fancy, Inc. stock. Based on the probability of economic outlooks, Fancy, Inc. stock is expected to earn 10.79% in the upcoming year with a standard deviation of 8.77%. What is the coefficient of variation for Fancy, Inc for returns in the upcoming year? The correct formula is standard deviation divided by expected return. See Section 8-2D. Round your answer to the nearest two decimals.

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