Returns earned over a given time period are called realized returns. Historical data on realued returns is often used to estimate future results Analysts across companies se realized stock returns to estimate the risk of a stock. Consider the case of Celestial Crane Cosmetics Inc. (COC): Five years of realized returns for COC are given in the following table. Remember: 1. While CCC 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 returns. 3. The historical returns for CCC for 2014 to 2018 are: 2014 2016 Stock return 2015 11.05% 16.25% 2017 27.30% 19.50% 2018 8.45% Given the preceding data, the average realized return on CCC's stock is 16.51% The preceding data series represents of CCC's historical returns. Based on this conclusion, the standard deviation of COC'S historical returns il investors expect the average realized return from 2014 to 2018 on CCC's stock to continue into the future, its coefficient of variation (CV) will be a