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George is considering an investment in Vandelay Inc. and has gathered the information in the following table. What is the expected standard deviation for a

George is considering an investment in Vandelay Inc. and has gathered the information in the following table. What is the expected standard deviation for a share of the firm's stock?

State of the Economy

Probability of the State

Conditional Expected Return

Vandelay Inc.

Recession

.25

-20%

Steady

.60

10%

Boom

.15

35%

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