A stock will have a loss of 13.5 percent in a recession, a return of...

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Finance

A stock will have a loss of 13.5 percent in a recession, a return of 12.2 percent in a normal economy, and a return of 26.9 percent in a boom. There is 32 percent probability of a recession, 37 percent probability of normal economy, and 31 percent probability of boom. What is the standard deviation of the stock's returns?

a. 16.28%

b.12.21%

c.26.49%

d.13.95%

e.14.92%

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