If the economy booms, Meyer&Co. stock will have a return of 21 percent. If the economy goes into a recession, the stock will have a loss of 13.3 percent. The probability of a boom is 61 percent while the probability of a recession is 39 percent. What is the standard deviation of the returns on the stock?

Multiple Choice

• 16.73%

• 9.57%

• 13.18%

• 14.38%

• 15.49%