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Consider an economy with two types of firms, S and I. S firms always move together, but I firms move independently. For both types of

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Consider an economy with two types of firms, S and I. S firms always move together, but I firms move independently. For both types of firms, there is a 76% probability that the firm will have a 22% return. Otherwise, the firm will have a 20% return. The standard deviation for the return on a portfolio of 20 type S firms is closest to: Please input your response in percent rounded to three decimal places without the percent sign

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