Use the following information on states of the economy and stock returns to calculate the standard deviation of returns. Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. State of Economy Recession Normal Boom Probability of State of Economy 0.35 0.30 0.35 Standard deviation Security Return if State Occurs -9.00% 14.00 23.00 Answer is complete but not entirely correct. 3.06%

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