You have estimated the following probability distributions and returns of two stocks:
Probability Stock A Stock B
0.3 12% 5%
0.4 8 4
0.3 6 3
You have also calculated standard deviation of Stock A and B as 2.38% and 0.77%, respectively. What is the coefficient of variation (CV) for the stock that is less risky assuming you use the CV to rank riskiness?