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Consider the following information: Rate of Return if State Occurs State of Economy Probability of State of Economy Stock A Stock B Recession 0.20 0.04

Consider the following information:

Rate of Return if State Occurs
State of Economy Probability of State of Economy Stock A Stock B
Recession 0.20 0.04 -0.20
Normal 0.70 0.09 0.16
Boom 0.10 0.14 0.32

Calculate the standard deviation for Stock A given the expected return is 8.500%. (Do not round your intermediate calculations.)

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