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Financial analysts have estimated the retums on shares of the Goldday Corporation and the overall market portfolio under wo economic states nature as follows. For

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Financial analysts have estimated the retums on shares of the Goldday Corporation and the overall market portfolio under wo economic states nature as follows. For Goldday the state dependent ratums are -0.06 in recession and 0.08 in an economic boom. For the market the state dependent returns are -0.08 in recession and 0.14 in boom. The analyst estimates that the probability of a recension is 0.50 while the probability of an economic boom is 0.50 Compute the standard deviation of the market State your answer in decimal form, working your analysis using at least four decimal places of accuracy. SUBMIT

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