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Question 5: Time: 15 minutes Total: 10 marks If the economy flourishes, Amit's Plumbing stock is expected to return 22%. If the economy falls into

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Question 5: Time: 15 minutes Total: 10 marks If the economy flourishes, Amit's Plumbing stock is expected to return 22%. If the economy falls into a recession, the stock's return is projected at 3%. The probability of a boom is 67% while the probability of a recession is 33%. What is the Standard deviation of the returns on this stock

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