Question: Given the following information, what is the standard deviation (in percent) of the returns on this stock? Carry intermediate calculations to at least five decimals.

Given the following information, what is the standard deviation (in percent) of the returns on this stock? Carry intermediate calculations to at least five decimals. Answer to two decimals

State of Economy Probability of State of Economy Rate of Return (%)
Recession 15% -19.83
Normal 60% 15.02
Boom 25% 20.26

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