Calculate the standard deviation of returns

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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. Omit the "%" sign in your response.)

State of Economy   Probability of

State of Economy   Security Return

If State Occurs

Recession   .60        –5   %

Normal   .25        13    

Boom   .15        17    

Standard deviation   %

Reference no: EM13808120

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