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Use the following information on states of the economy and stock returns to calculate the standard deviation of returns. Assume that all three states are

Use the following information on states of the economy and stock returns to calculate the standard deviation of returns. Assume that all three states are equally likely. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) security Returrn if State Occurs State of Economy Recession Normal Boom -8.00% 14.00 24.00 Standard deviation

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