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The returns on the common stock of Tesla are quite cyclical. In a boom economy, the stock is expected to return 2 4 percent in

The returns on the common stock of Tesla 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 28 percent in a recessionary period. The probability of a recession is 30 percent while the probability of a boom is 40 percent. What is the standard deviation of the returns on this stock? Select the choice that is closest to your answer.
22.25 percent
22.59 percent
23.41 percent
24.35 percent
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