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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 .22 .112
Normal .25 .127
Boom .53 .237

Multiple Choice

18.95%

27.56%

25.26%

13.76%

19.51%

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