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Based on the following information, what is the standard deviation of returns? State of Economy Probability of State of Economy Rate of Return if State

Based on the following information, what is the standard deviation of returns? State of Economy Probability of State of Economy Rate of Return if State Occurs Recession .28 .096 Normal .41 .111 Boom .31 .221 Multiple Choice 12.32% 22.08% 15.18% 16.28% 20.24%

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