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The following information indicates percentage returns for stocks L and Mover a 6-year period: Year Stock L Returns Stock M Returns 1 14.65% 20.28% 14.27%

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The following information indicates percentage returns for stocks L and Mover a 6-year period: Year Stock L Returns Stock M Returns 1 14.65% 20.28% 14.27% 18.83% N 3 16.87% 16.47% 4 17.61% 14.61% 5 18% 12.37% 6 19.84% 10.64% In combining [L-M] in a single portfolio, stock M would receive 60% of capital funds. Furthermore, the information below reflects percentage returns for assets F, G, and Hover a 4-year period, with asset F being the base instrument: Year Asset F Returns Asset H Returns Asset G Returns 17.03% 1 16.47% 14.16% 2 16.27% 15.01% 3 17.2% 18,17% 19.12% 15.32% 16.35% 4 14.44% 17.43% Using these assets, you have a choice of either combining F-G or F-H) in a single portfolio, on an equally-weighted basis. Furthermore, the information below reflects percentage returns for assets F, G, and Hover a 4-year period, with asset F being the base instrument: Year Asset F Returns Asset G Returns Asset H Returns 1 16.47% 17.03% 14.16% 2 17.2% 16.27% 15.01% 3 18.17% 15.32% 16.35% 4 19.12% 14.44% 17.43% Using these assets, you have a choice of either combining [F-G] or [F-H] in a single portfolio, on an equally-weighted basis. Required: Calculate the absolute percentage difference in the coefficient of variation (CV) between the stock portfolio [L-M] and the portfolio which outlines the optimal combination of assets. % Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places (for example: 28.31%)

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