Senior management of Nancy's Nooks has determined that there is a 20% chance EPS will be $4.5
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Question:
Senior management of Nancy's Nooks has determined that there is a 20% chance EPS will be $4.5 next year, a 60% chance EPS will be 1.5, and a 20% chance EPS will be $1.80. Calculate the expected value, standard deviation, and coefficient of variation (CV) for the forecasted EPS.
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