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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 Securit State of Return if State State of Economy 0.40 0.40 0.20 Economy OccurS 5.50% Recession Normal Boom 11.00 17.00 Standard deviation

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