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SuperRight believes that economic conditions during the next year will be either strong (50% probability) or weak (50% probability). Under the strong economic condition, return
SuperRight believes that economic conditions during the next year will be either strong (50% probability) or weak (50% probability). Under the strong economic condition, return is estimated to be 26% and under weak economic conditions, 2%. What is the standard deviation of the estimated returns (in percent)?
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