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A stock will have a loss of 12.3 percent in a bad economy, a return of 12.1 percent in a normal economy, and a return

A stock will have a loss of 12.3 percent in a bad economy, a return of 12.1 percent in a normal economy, and a return of 26 percent in a hot economy. There is 21 percent probability of a bad economy, 24 percent probability of a normal economy, and 55 percent probability of a hot economy. What is the variance of the stock's returns? Multiple Choice .01687 .03374 .14998 .02249 .04499

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