You are given the following probability distribution for CHC Enterprises: State of Economy Probability Rate of return   Strong 0.15 18 % Normal 0.45 9 % Weak 0.40 -4 % What is the stock's standard deviation? Do not round intermediate calculations. Round your answer to two decimal places.

Intermediate Financial Management (MindTap Course List)
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Chapter3: Risk And Return: Part Ii
Section: Chapter Questions
Problem 1P: The standard deviation of stock returns for Stock A is 40%. The standard deviation of the market...
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Quantitative Problem: You are given the following probability distribution for CHC Enterprises:

State of Economy Probability Rate of return
 
Strong 0.15 18 %
Normal 0.45 9 %
Weak 0.40 -4 %

What is the stock's standard deviation? Do not round intermediate calculations. Round your answer to two decimal places.

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