Investors are willing to make investments because they expect a return from doing so. As the name suggests, expected returns are not assured. Because they occur in the future, expected returns cannot be observed either, so stock analysts substitute historical realized returns in their mathematical analyses Realized return is the name for returns that have actually been earned. Many analysts use past realized returns to both predict future performance and to estimate the riskiness of the asset. Realized returns on Happy Turtle Transporters, Inc. are given in the following tables 2014 2015 2017 2013 10.72% 2016 20.00% Stock Return 6.40% 9.68% 5.20% The average realized retum on Happy Turtle Transporters, Inc.'s stock from 2013 to 2017 was Based on economic conditions, you compiled the following information with estimates of retur 32.24% ppy Turtle Transporters, Inc.'s stock and the probabilities associated with the economic condition for the next year: 20.80% 26.00% Market Condition Boom 10.40% Probability (P) Market rate of Return (m) 0.25 40% 0.40 24% 0.35 -32% Normal Recession Using this information, calculate the standard deviation of returns from Happy Turtle Transporters, Inc.'s stock. 5.50% 53.61% 30.30% 918.24%