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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

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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.) Probability Security of Return State of if State State of Economy Economy Occurs Recession 45 -7.589 Normal 15 16.00 Boos 20.00 .40 Standard deviation

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