Question 3 (10 points) If the economy booms, Meyer&Co. stock will have a return of20.5 percent. If the economy goes into a recession, the stock will have a loss of 12.9 percent. The probability of a boom is 65 percent while the probability of a recession is 35 percent. What is the standard deviation of the returns on the stock? You recently purchased a stock that is expected to earn 24 percent in a boomine economy, 13 percent in a normal economy, and lose 2 percent in a recessionary economy. There is 24 percent probability of a boom, 61 percent chance of a normal economy, and 15 percent chance of a recession. What is your expected rate of return on this stock