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Given the following information about a stocks return in


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 0.19 -0.13

Normal 0.48 0.06

Boom -- 0.21

Enter answer in percents, accurate to two decimal places.

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Financial Management: Given the following information about a stocks return in
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