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Use the following information on states of the economy and stock returns to calculate the standard deviation of returns. (Do not round intermediate calculations.

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Use the following information on states of the economy and stock returns to calculate the standard deviation of returns. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) State of Economy Recession Normal Boom Probability of Security Return State of if State Occurs Economy 0.40 -4.50% 0.50 13.00 0.10 25.00

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