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Stock Q is expected to return 14 percent in a boom and 8 percent in a normal economy. Assume Stock R will return 11 percent

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Stock Q is expected to return 14 percent in a boom and 8 percent in a normal economy. Assume Stock R will return 11 percent in a boom and 10 percent in a normal economy. The probability of a boom is 13 percent Otherwise, the economy will be normal. What is the standard deviation of a portfolio that is invested 48 percent in stock Q and 52 percent in stock R? Multiple Choice

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