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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 State of of State of Economy 0.35 0.20 0.45 Return if State -750% 15.00 Economy Occurs Recession Norma1 Boom 8.00 Standard deviation

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