Turkish Turkey's stock is expected to return 16.5 percent in a normal economy. It is projected at a negative 11.6 percent in case the economy instead falls into a recession. The chance of a normal economy is 80 percent. The chance of a recession is 20 percent. Calculate the variance of the returns on Turkish Turkey's stock.

Multiple Choice

0.012634

0.014315

0.010346

0.013420

0.013927