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Question 15 Given the standard deviation of 15.7% and assuming independent returns, what is the standard deviation of wealth over 3 periods (to the

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Question 15 Given the standard deviation of 15.7% and assuming independent returns, what is the standard deviation of wealth over 3 periods (to the nearest decimal place)? (a) 22.2% (b) 27.2% (c) 47.1% (d) 54.9% (e) 68.6%

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