Assume that an economy can have four states: Severe recession, Mild recession, Normal growth, Boom. Probability of each scenario, stock and bond annual returns in that scenario are provided below. Let's also assume that you are creating a portfolio with 60% stocks and 40% bonds. Economy State Probability Stock Return (%) Bond Return (%) Severe recession 0.10 -37 -9 Mild recession 0.40 -11 15 t Normal growth 0.40 14 8 Boom 0.10 30 -5 How much is the annual standard deviation of Bond returns? Enter your answer in the following format: 0.1234 Hint: The answer is between 0.0744 and 0.0817