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Given the following information about a stock's return in the various states of the economy, calculate the standard deviation of its return. State of...

Given the following information about a stock's return in the various states of the economy, calculate the standard deviation of its return.


State of economy Probability Stock return

Recession 0.15 -0.26

Normal 0.31 0.06

Boom -- 0.25

Enter answer in percents, accurate to two decimal places.

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