Returns eamed over a given time period are called realized returns. Historical data on renlized returns is often used to estimate future results. Analysts across companies use realized stock returns to estimate the risk of a stock. Consider the case of Blue Llama Mining Inc (LM): Five years of realized returns for BLM are given in the following table. Remember: 1. While BLM was started 40 years ago, its common stock has been publicly traded for the past 25 years. 2. The returns on its equity are calculated as arithmetic retums. 3. The historical returns for BLM for 2012 to 2016 are: 2012 2016 2013 11.05% 2014 2015 19.50% 27.30% Stock return 16.25% 8.45% Given the preceding data, the average realized return on BLM's stock is 16.51% The preceding data series represents a sample historical returns is of BLM's historical returns. Based on this conclusion, the standard deviation of BLM's If investors expect the average realized return from 2012 to 2016 on BLM's stock to continue Into the future, its coefficient of variation (CV) will be