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Janette is considering an investment in Parson Inc. and has gathered the information in the following table. What is the standard deviation for a share

Janette is considering an investment in Parson Inc. and has gathered the information in the following table. What is the standard deviation for a share of the firm's stock?

State of the Economy

Probability of the

State

Conditional Expected Return

Parson Inc.
Recession .25 -20%
Steady .60 10%
Boom .15 55%

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