Ex-Ante Standard Deviation An analyst estimates a 27% probability of a recession next year, a 51% probability of normal economic growth and a 22% probability of a strong recovery. If a recession occurs a stock is projected to have a -16.2% return. With normal growth the stock will generate a 11.2% return and if the strong recovery occurs the stock will have a 26.2% rate of return. This stock's standard deviation is _______. Multiple Choice 12.29% 7.10% 15.34% 12.56%