The returns on the common stock of Cycles, Inc. are quite cyclical. In a boom economy, the stock is expected to return 30 percent in comparison to 13 percent in a normal economy and a negative 20 percent in a recessionary period. The probability of a recession is 30 percent, while the probability of a boom is 5 percent. The probability that the economy will be at normal levels is 65 percent. Assume you have already calculated the Expected Return on this stock as 3.95% or .0395. What is the standard deviation of the return on this stock?

Group of answer choices

2.59 percent

7.67 percent

16.10 percent

3.03 percent

19.87 percent