Given the following possible expected returns over the three different states of the economy, the data for a share of Starwood Hotels Corp.' common stock is shown below:

State of the Economy

Probability (p_each state)

Anticipated Rate of Return (r)

Recession

20.00%

11.00%

Normal Year

60.00%

24.50%

Boom

20.00%

-2.00%

Determine the expected return, variance, standard deviation, and coefficient of variance of a share of Starwood Hotels Corp.' common stock (Hint:calculate CoVar for each state of the economy).

A.16.50% expected rate of return, 1.12% variance, 10.58% standard deviation, 4.81 Covar_Recession, .72 Covar_Normal Year, and -26.45 Covar_Boom

B. 14.15% expected rate of return, 1.20% variance, 10.70% standard deviation, 6.03 Covar_Recession, .72 Covar_Normal Year, and -26.45 Covar_Boom

C. 16.50% expected rate of return, 1.44% variance, 13.72% standard deviation, 5.54 Covar_Recession, .70 Covar_Normal Year, and -22.00 Covar_Boom

D. 13.88% expected rate of return, 1.33% variance, 10.58% standard deviation, 5.45 Covar_Recession, .90 Covar_Normal Year, and -20.21 Covar_Boom