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KNF stock is quite cyclical. In a boom economy, the stock is expected to return 30% in comparison to 12% in a normal economy and

KNF stock is quite cyclical. In a boom economy, the stock is expected to return 30% in comparison to 12% in a normal economy and -17% in a recessionary period. The probability of a recession is 25%. There is a 15% chance of a boom economy. What is the standard deviation of the returns on this stock?

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