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What is the standard deviation of returns for Portland, Inc. if it earns a return of 18% when the economy is booming and -4% when
What is the standard deviation of returns for Portland, Inc. if it earns a return of 18% when the economy is booming and -4% when it is in a recession. The probability of a boom is 0.65 and the probability of a recession is 0.35.
[Enter your answer as a percentage to the nearest 0.01 percent without the percentage sign. For example, if your answer is 15.45% then enter 15.45]
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