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The performance of the common stock of Apple Stores is highly dependent upon the state of the economy. In a boom economy, the stock is

The performance of the common stock of Apple Stores is highly dependent upon the state of the economy. In a boom economy, the stock is expected to return 23.0% in comparison to 11.0% in a normal economy andnegative 14.0% in a recessionary period. The probability of a recession is 18%. There is a 23% chance of a boom economy. The remainder of the time the economy will be at normal levels. What is the standard deviationof the returns on Apple stock?

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