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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?
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11.67%
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13.34%
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14.27%
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15.57%
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24.23%
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