Returns earned over a given time period are called realized returns. Historical data on realized returns is often used to estimate future results. Analysts across companies use realized stock returns to estimate the risk of a stock.

5 years of realised returns for CCC INC are given in the following table.

Remember:

While ccc was started 40 years ago. It is common stock has been publicly traded for the past 25 years .

The returns on its equity are calculated as arithmetic returns.

	2011	2012	2013	2014	2015
stock return	6.25	4.25	7.50	10.50	3.25

Given the preceding date, the average realized return on CCC stocks is 12.70, 19.69, 6.35, 15.88 pick one

The preceding data series represents the population, the universe of ccc historical returns. Based on this conclusion, the standard deviate of ccc historical return is 2.85, 2.55, 2.20,3.85 pick one of the number

If investors expect the average realized return on CCC stocks from 2011-2015 to continue in o the future what will be its coefficient of variation (CV)

A. 0.52

B. 0.45

C. 0.38

D. 0.83

Suppose you need invest `10,000 in Celestial crane cosmetics or another company Robo corp. You know that Robo has a coefficient of variation of 0.90, and you have calculated the coefficient of variation for ccc. IN order to make your investment decision, you spend some time analyzing the situation. Based on your analysis, which of the following statements is true?

A. CCC has more risk per unit of return than Robo corp

B. Robo. has more risk per unit of return than CCC