You believe the following probability distribution exists for stock ABC. What is the coefficient of variation on ABC's stock? Hint: You need to do several intermediate calculations such as the mean, the variance, and the standard deviation.

Probability of State Stock's Expected Return 25% 15% 590 State of Boom Normal Recession 0.45 0.50 0.05 a. 0.2839 b. 0.3069 c. 0.3299 d. 0.3547 e. 0.3813