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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 of State of State of Economy Economy Recession .35 Normal .20 Boom .45 Security Return if State Occurs -5.50% 12.00 19.00 % Standard deviation

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