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 _______.

13.05%

10.27%

11.50%

10.00%