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Listed below are the end-of-year total returns of Highlander Inc. for the last three years: Year 2017 2018 2019 E[R] TR -4% 5% 8% Given

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Listed below are the end-of-year total returns of Highlander Inc. for the last three years: Year 2017 2018 2019 E[R] TR -4% 5% 8% Given the total retum series, calculate the standalone risk (std) of Highlander Inc. 6.43% 6.56% 6.24%

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