Question: Please help thank you(: Consider Fancy, Inc. stock. Based on the probability of economic outlooks, Fancy, Inc. stock is expected to earn 5.99% in the
Please help thank you(:
Consider Fancy, Inc. stock. Based on the probability of economic outlooks, Fancy, Inc. stock is expected to earn 5.99% in the upcoming year with a standard deviation of 8.19%. What is the coefficient of variation for Fancy, Inc for returns in the upcoming year? The correct formula is standard deviation divided by expected return. See Section 8-2D. Round your answer to the nearest two decimals.
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