Ripken Iron Works Believes the Following Probability Distribution Exists for Its

Multiple Choice

Ripken Iron Works believes the following probability distribution exists for its stock.What is the coefficient of variation on the company's stock? $\begin{array}{lccc}\text { State of the } &\text { Frobability of } &\text { Stock's Expected } \\\text { Economy } & \text { State Occurring } & \text { Return } \\\hline \text { Boom } & 0.25 & 25 \% \\\text { Normal } & 0.50 & 15 \% \\\text { Recession } & 0.25 & 5 \%\end{array}$

A) 0.4360
B) 0.4714
C) 0.5068
D) 0.5448