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Ripken Iron Works believes the following probability distribution exists for its stock. What is the coefficient of variation on the company's stock? State of the

Ripken Iron Works believes the following probability distribution exists for its stock. What is the coefficient of variation on the company's stock?

State of the Economy Probability of State Occurring Stocks Expected Return
Boom 25% 25%
Normal 50% 15%
Recession 25% 5%

0.4360

0.4714

0.5068

0.5448

0.5856

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