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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.) State of Economy Security Return if State Occurs Probability of State of Economy 0.45 0.15 0.40 Recession Normal Boom -7.50% 16.00 20.00

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