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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 -0.19
Normal 0.60 0.09 0.15
Boom 0.20 0.14 0.34

Required:

Given that the expected return for Stock B is 12.000%, calculate the standard deviation for Stock B. (Do not round your intermediate calculations.)

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