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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
of percent. If the economy goes into a recession, the
stock will have a loss of percent. The probability of a boom is
percent while the probability of a recession is percent. What
is the standard deviation of the returns on the stock?
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