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Use the following information on states of the economy and stock returns to calculate the standard deviation of returns. (Round your answer to 2 decimal

Use the following information on states of the economy and stock returns to calculate the standard deviation of returns. (Round your answer to 2 decimal places. Omit the "%" sign in your response.)

State of Economy Probability of State of Economy Security Return If State Occurs
Recession .40 -6 %
Normal .40 10
Boom .20 19

Standard deviation %

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