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16 You have a portfolio which has an average return of 10.3 percent. In any given year, you have a 2.5 percent probability of earning

16

You have a portfolio which has an average return of 10.3 percent. In any given year, you have a 2.5 percent probability of earning either a zero or a negative annual return. What is the approximate standard deviation of your portfolio? 5.26 percent 8.14 percent 6.43 percent 7.60 percent 6.94 percent

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