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Wine Cellars, Inc. has the following probability distribution of holding period returns on its stock State of Economy Boom Normal Growth Recession Probability 20 45
Wine Cellars, Inc. has the following probability distribution of holding period returns on its stock State of Economy Boom Normal Growth Recession Probability 20 45 35 HPR 24% 15% 8% Assuming that the expected return on Wine Cellar's stock is 14.35%, what is the standard ?deviation of these returns : a. 4.27% O b. 20.42% C. 12.83% d. 5.74%
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