Question: Based on the following information, what is the standard deviation of returns? State of Economy -- Probability of State of Economy -- Rate of Return

Based on the following information, what is the standard deviation of returns?

State of Economy -- Probability of State of Economy -- Rate of Return if State Occurs

Recession -- .33 -- .101

Normal -- .36 -- .116

Boom. -- .31 -- .226

a. 17.88%

b.13.37%

c. 23.84%

d. 18.61%

e. 26.01%

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