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A stock will have a loss of 14.5 percent, or a return of 13.2 percent, or a return of 27.9 percent. The probabilities of these
A stock will have a loss of 14.5 percent, or a return of 13.2 percent, or a return of 27.9 percent. The probabilities of these three states of the economy are 24 percent, 27 percent, and 49 percent, respectively. What is the standard deviation of the stock's returns?
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