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

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Problem 11-2 Use the following information on states of the economy and stock returns to calculate the standard deviation of returns. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.) State of Economy Recession Normal Boom Probability of State of Economy 35 20 45 Security Return If State Occurs -5.5% Standard deviation

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