State of economy-probability of state of economy

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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 .20 –9 %

Normal .50 15

Boom .30 24

Reference no: EM131059074

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