If the economy booms, Meyer&Co. stock will have a return of20.6 percent. If the economy goes into a recession, the stock will have a loss of 12.9 percent. The probability of a boom is 65 percent while the probability of a recession is 35 percent. What is the standard deviation of the returns on the stock?

Multiple Choice

• 15.98%
• 11.69%
• 13.74%
• 9.01%
• 12.76%