Financial Accounting Question please solve You believe the expected return on ABCis 14.70%, and that the variance of ABC'sreturns is 0.3600. What is the coefficientof variation for this company? Expressthe answer with 3 decimal places.

Step 1: Define Coefficient of VariationThe coefficient of variation metric is used to measure the…

Answered: You believe the expected return on ABC…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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You believe the expected return on ABC is 14.70%, and that the variance of ABC's returns is 0.3600. What is the coefficient of variation for this company? Express the answer with 3 decimal places.