Answer: 1.09
Explanation:
Coefficient of Variation (CoV) is calculated by the formula;
= [tex]\frac{Standard Deviation}{Expected Return}[/tex]
The Variance is given. Standard Deviation is;
= √Variance
= √0.02468
= 0.15709869509
Coefficient of Variation is therefore;
= [tex]\frac{0.15709869509}{0.144}[/tex]
= 1.09096316037
= 1.09
