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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 25.0% in comparison to 11.0% in a normal economy and negative 17.0% in a recessionary period.
The probability of a recession is 12%. 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 deviation of the returns on Apple stock?
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