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Continue from the previous question. Consider following information: Probability of Rate of return if the state of state occurs economy Stock 1 Stock 2 Recession

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Continue from the previous question. Consider following information: Probability of Rate of return if the state of state occurs economy Stock 1 Stock 2 Recession 0.2 19% 5 % Boom 0.8 17 % 11 % What is the standard deviation of a return on a portfolio invested 40% in Stock 1 and 60% in Stock 2? Express your answer as %

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