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The common stock of Leaning Tower of Pita, Inc., a restaurant chain, will generate the following payoffs to investors next year: Scenario Return Boom 88

The common stock of Leaning Tower of Pita, Inc., a restaurant chain, will generate the following payoffs to investors next year: Scenario Return Boom 88 % Normal 15 % Recession -98 % Assuming each scenario is equally likely (1/3 probability), what is the standard deviation of their returns

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