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Use the following information on states of the economy and stock returns to calculate the standard deviation of returns. Note: Do not round intermediate calculations.

Use the following information on states of the economy and stock returns to calculate the standard deviation of returns. Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.
\table[[,Probability of State of,Security Return if],[State of Economy,Economy,State Occurs],[Recession,0.25,-8%
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