A stock will have a loss of 10.9 percent in a bad economy, a return of 10.7 percent in a normal economy, and a return of 24.6 percent in a hot economy. There is 31 percent probability of a bad economy, 38 percent probability of a normal economy, and 31 percent probability of a hot economy. What is the variance of the stock's returns?

Multiple Choice

.01491

.01988

.03977

.14101

.02982