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A stock produced returns of 19 percent, 27 percent, and -38 percent over three of the past four years, respectively. The arithmetic average for the past four years is 7 percent. What is the standard deviation of the stock's returns for the four-year period?

11.63 percent

15.94 percent

19.70 percent

26.25 percent

30.21 percent

Financial Management, Finance

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