Use the following information on states of the economy and stock returns to calculate the...
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Finance
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.) State of Economy Probability of State of Economy Security Return if State Occurs Recession 0.35 7.50 % Normal 0.20 8.00 Boom 0.45 15.00
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