The following table reports forecasted returns for the stock of two different companies under three possible states of the economy: State Probability Stock A Stock B Stock C Expansion 60% 12.86% 19.34% 5.05% Average 40% 7.32% 6.38% 2.38% What is the standard deviation on a portfolio that consists of 40% of funds allocated to Stock A, 25% allocated to Stock B, and the rest in Stock C? (Report answer in percentage terms and round to 2 decimal places. Do not round intermediate calculations)