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Phoenix Company common stock is currently selling for $20 per share. Security analysts at Smith Blarney have assigned the following probability distribution to the price

  1. Phoenix Company common stock is currently selling for $20 per share. Security analysts at Smith Blarney have assigned the following probability distribution

to the price of (and rate of return on) Phoenix stock one year from now:

Assuming that Phoenix is not expected to pay any dividends during the coming year,

determine the coefficient of variation for the rate of return on Phoenix stock. (6 marks)

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