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Problem 11-2 of the economy and stock returns to calculate the standard deviation Use the following information on states of returns. (Do not round intermediate

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Problem 11-2 of the economy and stock returns to calculate the standard deviation Use the following information on states of returns. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%"'sign in your response.) Security Return If State Occurs -5% 12 16 Probability of State of Economy State of Economy Recession Normal Boom 45 40 15 Standard deviation

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