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If the economy booms, Meyer&Co. stock will have a return of 21.3 percent. If the...

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If the economy booms, Meyer&Co. stock will have a return of 21.3 percent. If the economy goes into a recession, the stock will have a loss of 13.6 percent. The probability of a boom is 62 percent while the probability of a recession is 38 percent. What is the standard deviation of the returns on the stock? Multiple Choice 9.63% 15.70% 14.57%

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