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If the economy booms, Meyer&Company stock will have a return of 2 0 . 9 percent. If the economy goes into a recession, the stock

If the economy booms, Meyer&Company stock will have a return of 20.9 percent. If the economy goes into a recession, the stock will have a loss of 13.2 percent. The probability of a boom is 62 percent while the probability of a recession is 38 percent. What is the standard deviation of the returns on the stock?

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