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A stock will have a loss of 13.3 percent, or a return of 12 percent, or a return of 26.7 percent. The probabilities of these
A stock will have a loss of 13.3 percent, or a return of 12 percent, or a return of 26.7 percent. The probabilities of these three states of the economy are 30 percent, 39 percent, and 31 percent, respectively. What is the standard deviation of the stock's returns?
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