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11 The rate of return for a stock is 4% if the state of the economy is recession, 11% if the state of the economy

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11 The rate of return for a stock is 4% if the state of the economy is recession, 11% if the state of the economy is normal, and 14% if the state of the economy is expansion. The probability for each state of the economy is 25%, 55%, and 20%, respectively. If the stock has an expected rate of return of 9.85%, what is the variance for this stock? 4 points 8 00:44:11 Do not round intermediate calculations. Round the final answer to 5 decimal places. For example, an answer of 0.123456789 should be entered as 0.12345 (not 12.34567%). Numeric Response

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