Ex-Ante Standard Deviation An analyst estimates a 15% probability of a recession next year, a 50% probability of normal economic growth and a 35% probability of a strong recovery. If a recession occurs a stock is projected to have a-15% return, with normal growth the stock will generate a 10% return and if the strong recovery occurs the stock will have a 25% rate of return. This stock's standard deviation is o 13.05% 0 11.50% 10.27% 10.00%