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Researchers forecast the possible five economy states and their probabilities for the year 2023 as shown below. Also provided are the Stock return estimates in

Researchers forecast the possible five economy states and their probabilities for the year 2023 as shown below. Also provided are the Stock return estimates in each of those five economic states.

Economy State Probability Stock Returns
Big Recession 0.20 -27.0%
Mild Recession 0.15 -7.0%
Normal 0.40 15.0%
Mild Boom 0.15 30.0%
Mega Boom 0.10 45.0%

How much is the Coefficient of Variation (CV) of stock returns in the year 2023? Enter your answer in the following format: 0.1234 Hint: Answer is between 2.3978 and 2.9248

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