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Honor Computing stock is expected to earn 12.6 percent in a booming economy, earn 7.6 percent in a normal economy, and lose 2.3 percent in
Honor Computing stock is expected to earn 12.6 percent in a booming economy, earn 7.6 percent in a normal economy, and lose 2.3 percent in a recessionary economy. The probability of a booming economy is 8 percent while the probability of a normal economy is 69 percent. What is the standard deviation of the expected returns on this stock
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