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Probability Expected Return 0.1 -15% 0.5 7% 0.3 11% 0.1 15% Suppose a company has the probability distribution for annual returns described in the box

Probability

Expected Return

0.1

-15%

0.5

7%

0.3

11%

0.1

15%

Suppose a company has the probability distribution for annual returns described in the box above. What would the standard deviation be for this company?

Instruction: Type your answer in the unit of percentage point, and round to three decimal places. E.g., if your answer is 0.0106465 or 1.06465%, should type ONLY the number 1.065, neither 0.0106465, 0.0106, nor 1.065%. Otherwise, Blackboard will treat it as a wrong answer.

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