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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 Probability of State of Economy 0.40 0.25 0.35 Security Return it state Occurs -4.500 14.00 26.00 Recession Normal Boom - Standard deviation

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