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A stock will have a loss of 12.8 percent in a recession, a return of 11.5 percent in a normal economy, and a return
A stock will have a loss of 12.8 percent in a recession, a return of 11.5 percent in a normal economy, and a return of 26.2 percent in a boom. There is 25 percent probability of a recession, 44 percent probability of normal economy, and 31 percent probability of boom. What is the standard deviation of the stock's returns?
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