Question: You believe that next year there is a 30% probability of a recession and 70% probability that the economy will be normal. If your stock
You believe that next year there is a 30% probability of a recession and 70% probability that the economy will be normal. If your stock will yield -15% in a recession and 25% in a normal year, what is the standard deviation of the stock? Answer in percentage form and round to two decimal places (i.e. X.YY)
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