1. Stock A has a -14% return during a recession, 5% return during neutral times, and 14% return during boom times. What is the standard deviation for Stock A?

Probabilities:

Recession = .15

Neutral = .70

Boom = .15

Write the standard deviation in percent form. Ex: 3.5% is 3.5. Round your answer to two decimal places. (Please show all steps and equations used in excel)