Question: Question 11 9 pts You have been given this probability distribution for the holding-period return for Cheese, Inc. stock: 20% of chance that the economy

 Question 11 9 pts You have been given this probability distribution

Question 11 9 pts You have been given this probability distribution for the holding-period return for Cheese, Inc. stock: 20% of chance that the economy will boom for the stock return of 24%; 45% of chance that the economy will have normal growth for the stock return of 15%; and 35% of chance that the economy will go into recession for the stock return of 8%. What is the variance of these returns? (Do not round intermediate calculations. Round your final answer as a percent up to two decimal places without the % symbol, e.g., 10.325% should be entered as 10.325)

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