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

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