Express the answer with decimal places You believe the expected return on ABC is16.20%, and that the variance of ABC'sreturns is 0.6400. What is the coefficient ofvariation for this company? Express theanswer with 3 decimal places.

Step 1: The formula for coefficient of variation is, CV = (σ/µ), where σ is the standard deviation,…

Answered: You believe the expected return on ABC…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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provide step by step explaination (no excel)
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You believe the expected return on ABC is 16.20%, and that the variance of ABC's returns is 0.6400. What is the coefficient of variation for this company? Express the answer with 3 decimal places.