Stocks X and Y have the following probability distributions of expected future returns:

Probability	X	Y
0.1	-6%	-24%
0.2	5	0
0.4	15	20
0.2	22	25
0.1	35	35 Calculate the expected rate of return, rY, for Stock Y (rX = 14.30%.) Round your answer to two decimal places. % Calculate the standard deviation of expected returns, ?X, for Stock X (?Y = 16.32%.) Round your answer to two decimal places. % Now calculate the coefficient of variation for Stock Y. Round your answer to two decimal places. Is it possible that most investors might regard Stock Y as being less risky than Stock X? If Stock Y is more highly correlated with the market than X, then it might have a higher beta than Stock X, and hence be less risky in a portfolio sense. If Stock Y is more highly correlated with the market than X, then it might have a lower beta than Stock X, and hence be less risky in a portfolio sense. If Stock Y is more highly correlated with the market than X, then it might have the same beta as Stock X, and hence be just as risky in a portfolio sense. If Stock Y is less highly correlated with the market than X, then it might have a lower beta than Stock X, and hence be less risky in a portfolio sense. If Stock Y is less highly correlated with the market than X, then it might have a higher beta than Stock X, and hence be more risky in a portfolio sense. -Select-IIIIIIIVV