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The following monthly returns of a stock are available from January 2020 and after: 5% each month (Jan -April); -2% each month (May-Dec.) The annualized

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The following monthly returns of a stock are available from January 2020 and after: 5% each month (Jan -April); -2% each month (May-Dec.) The annualized risk is closer to A. 10.5% B. 12.5% C. 11.5% D. 13.5% E. 9.5%

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