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A stock is expected to earn 39 percent in a boom economy and 19 percent in a normal economy. There is a 47 percent chance

A stock is expected to earn 39 percent in a boom economy and 19 percent in a normal economy. There is a 47 percent chance the economy will boom and a 53.0 percent chance the economy will be normal. What is the standard deviation of these returns?

11.79 Percent

11.01 Percent

9.98 Percent

11.13 Percent

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