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You are going to make a portfolio consisting of 50% of Bank of America Stock and 50% of Caterpillar Stock. You also have the following

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You are going to make a portfolio consisting of 50% of Bank of America Stock and 50% of Caterpillar Stock. You also have the following information: State i Probability of State i BOA Return Caterpillar Return Boom 70 % 25 % 25 % Bust 30 % 0 % -6% What is the standard deviation for the portfolio? (Answer as a percentage and Round to 2 decimals)

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