Question: Problem 11-2 Standard Deviations (LO1, CFA2) Use the following information on states of the economy and stock returns to calculate the standard deviation of

Problem 11-2 Standard Deviations (LO1, CFA2) Use the following information on states of the economy and stock returns to calculate the standard deviation of returns. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Probability of Security Return State of Economy Recession Normal Boom Standard deviation State of if State Economy Occurs .45 -5.00% .40 12.00 .15 16.00 %

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