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Ripken Iron Works believes the following probability distribution exists for its stock.What is the standard deviation of return on the company's stock?Enter your answer rounded

Ripken Iron Works believes the following probability distribution exists for its stock.What is the standard deviation of return on the company's stock?Enter your answer rounded to two decimal places.

State of the Economy Probability of State Occurring Stock's Expected Return

Boom 0.25 35%

Normal 0.45 13%

Recession 0.30 -20%

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