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Business, 14.06.2020 00:57 doritasanchez

You recently purchased a stock that is expected to earn 40 percent in a booming economy, 20 percent in a normal economy, and lose 30 percent in a recessionary economy. There is a 20 percent probability of a boom and a 70 percent chance of a normal economy. What is the expected standard deviation of returns on this stock? Group of answer choices 16.3 percent 22.9 percent 11.5 percent 18.1 percent

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