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A stock will have a loss of 13.2 percent in a recession, a return of 11.9 percent in a normal economy, and a return of

A stock will have a loss of 13.2 percent in a recession, a return of 11.9 percent in a normal economy, and a return of 26.6 percent in a boom. There is 29 percent probability of a recession, 40 percent probability of normal economy, and 31 percent probability of boom. What is the standard deviation of the stock's returns?

  • 11.67%

  • 13.34%

  • 14.27%

  • 15.57%

  • 24.23%

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