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Assume that the economy has an 23% chance of booming, a 31% chance of being normal, and being recessionary the remainder of the time. A

Assume that the economy has an 23% chance of booming, a 31% chance of being normal, and being recessionary the remainder of the time. A stock is expected to return 29.25% in a boom economy, 10.46% in a normal economy, and -12.44% in a recession economy. What is the standard deviation of returns on the stock?

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