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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 State of if State Economy Economy Occurs Recession 35 -9.00% Normal .30 14.00 Boom 35 23.00 Standard deviation

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