Returns earned over a given time period are called realized returns Historical data on realized returns is often used to estimate future results Analysts across companies use realized stock returns to estimate the risk of a stock Consider the case of Blue Llama Mining Inc (BLM) Five years of realized returns for BLM are given in the following table Remember 1 While BLM was started 40 years ago, its common stock has been publicly traded for the past 25 years 2 The returns on its equity are calculated as arithmetic returns 3 The historical returns for BLM for 2014 to 2018 are 2014 2015 2016 2017 2018 Stock return 15 00 10 20 18 00 25 20 7 80 Given the preceding data, the average realized return on BLM's stock is The preceding data series represents of BLM's historical returns Based on this conclusion, the standard deviation of BLM's historical returns is If investors expect the average realized return from 2014 to 2018 on BLM's stock to continue into the future, its coefficient of variation (CV) will be

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Returns earned over a given time period are called realized returns . Historical data on realized returns is often used to estimate future results. Analysts

Returns earned over a given time period are called realized returns. Historical data on realized returns is often used to estimate future results. Analysts across companies use realized stock returns to estimate the risk of a stock.Consider the case of Blue Llama Mining Inc. (BLM):Five years of realized returns for BLM are given in the following table. Remember:

1.	While BLM was started 40 years ago, its common stock has been publicly traded for the past 25 years.
2.	The returns on its equity are calculated as arithmetic returns.
3.	The historical returns for BLM for 2014 to 2018 are:

	2014	2015	2016	2017	2018
Stock return	15.00%	10.20%	18.00%	25.20%	7.80%

Given the preceding data, the average realized return on BLM's stock is _____%

The preceding data series represents _________ of BLM's historical returns. Based on this conclusion, the standard deviation of BLM's historical returns is_________.

If investors expect the average realized return from 2014 to 2018 on BLM's stock to continue into the future, its coefficient of variation (CV) will be _________ .