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A stock is expected to earn 27 percent in a boom economy and 13 percent in a normal economy. There is a 41 percent chance

A stock is expected to earn 27 percent in a boom economy and 13 percent in a normal economy. There is a 41 percent chance the economy will boom and a 59.0 percent chance the economy will be normal. What is the standard deviation of these returns?

6.89 Percent

7.92 Percent

8.04 Percent

8.70 Percent

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