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If the economy booms, Meyer&Co . stock will have a return of 1 8 . 8 percent. If the economy goes into a recession, the

If the economy booms, Meyer&Co. stock will have a return
of18.8 percent. If the economy goes into a recession, the
stock will have a loss of 7.9 percent. The probability of a boom is
68 percent while the probability of a recession is 32 percent. What
is the standard deviation of the returns on the stock?

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