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Consider the case of Happy Dog Soap Inc. (HDS): Five years of realized returns for HDS are given in the following table. Remember: 1. While

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Consider the case of Happy Dog Soap Inc. (HDS): Five years of realized returns for HDS are given in the following table. Remember: 1. While HDS was started 40 years ago, its common stock has been publicy traded for the past 25 years, 2. The returns on its equity are calculated as arithmetic returns. 3. The historical returns for HDS for 2014 to 2018 are: 2015 2016 2014 20.00% 2018 Stock return 2017 33.60% 13.60% 24.00% 10.40% Given the preceding data, the average realized return on HDS's stock is The preceding data series represents historical returns is of HDSS historical returns. Based on this conclusion, the standard deviation of HDS'S If investors expect the average realized return from 2014 to 2018 on HDS's stock to continue into the future, its coefficient of variation (CV) will be

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