If Over the Past 20 Years the Annual Returns on the S&P

question 38

Multiple Choice

If over the past 20 years the annual returns on the S&P 500 market index averaged 12 percent with a standard deviation of 18 percent, what was the coefficient of variation?

• A) 0.6
• B) 0.6%
• C) 1.5
• D) 1.5%
• E) 0.66%

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Definitions:

Accounts Receivable

Monies owed to a company by customers for sales made on credit that are recorded as assets on the balance sheet.

General Journal

A foundational accounting record that keeps chronological entries of a company's transactions.

T-Accounts

A visual representation used in accounting to depict the debits and credits for each financial transaction affecting a particular account.

T-Accounts

T-Accounts are a form of accounting ledger that visually represents the debits and credits of financial transactions for each account in double-entry bookkeeping.