Use the following information to calculate the standard deviation of Macadam Corp.'s returns. $\begin{array}{lll}\text { State}&\text {Probability }&\text { Return}\
\text { Boom } & 20 \% & 40 \% \
\text { Normal } & 60 \% & 15 \% \
\text { Recession } & 20 \% & (20 \%)
\end{array}$
A) 8.6%
B) 11.4%
C) 19.2%
D) 19.8%

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The Answer of Use the following information to calculate the standard deviation of Macadam Corp.'s returns. $\begin{array}{lll}\text { State}&\text {Probability }&\text { Return}\
\text { Boom } & 20 \% & 40 \% \
\text { Normal } & 60 \% & 15 \% \
\text { Recession } & 20 \% & (20 \%)
\end{array}$
A) 8.6%
B) 11.4%
C) 19.2%
D) 19.8%

Use the Following Information to Calculate the Standard Deviation of Macadam