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The returns on the common stock of New Image Products are quite cyclical. In a boom economy, the stock is expected to return 24 percent

The returns on the common stock of New Image Products are quite cyclical. In a boom economy, the stock is expected to return 24 percent in comparison to 14 percent in a normal economy and a negative 16 percent in a recessionary period. The probability of a recession is 15 percent while the probability of a boom is 25 percent. What is the standard deviation of the returns on this stock? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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