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Listed below are the annual rates of return earned on Stock X and Stock Y over the past 6 years. Which stock was riskier and

Listed below are the annual rates of return earned on Stock X and Stock Y over the past 6 years. Which stock was riskier and why?

Year Stock X Stock Y
2004 20% 16%
2005 15% 17%
2006 -10% 20%
2007 30% 24%
2008 25% 23%
2009 14% -10%

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