Cheng IncIs Considering a Capital Budgeting Project That Has an Expected

question 23

Multiple Choice

Cheng Inc.is considering a capital budgeting project that has an expected return of 24% and a standard deviation of 30%.What is the project's coefficient of variation? Do not round your intermediate calculations.Round the final answer to 2 decimal places.

• A) 1.08
• B) 1.40
• C) 1.03
• D) 1.25
• E) 0.99

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