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A stock will have a loss of 12.1 percent in a bad economy, a return of 11.9 percent in a normal economy, and a return

A stock will have a loss of 12.1 percent in a bad economy, a return of 11.9 percent in a normal economy, and a return of 25.8 percent in a hot economy. There is 23 percent probability of a bad economy, 26 percent probability of a normal economy, and 51 percent probability of a hot economy. What is the variance of the stock's returns?


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