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Parker Industries Inc believes the following probability distribution exists for

ID: 2705868 • Letter: P

Question

Parker Industries Inc believes the following probability distribution exists for its stock.  What is the coefficient of variation on the company's stock?

                                   Probability                     Stock's
   State of                             of State                      Expected
   the Economy                 Occurring                      Return  
   Boom                                  0.45                            25%
   Normal                               0.50                            15%
   Recession                           0.05                              5%

                            a.            0.2839                             b.            0.3069                             c.            0.3299                             d.            0.3547                             e.            0.3813

Explanation / Answer

0.3069 b. 0.3069

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