A project has a 7 chance of doubling your investment in a


A project has a .7 chance of doubling your investment in a year and a .3 chance of halving your investment in a year. What is the standard deviation of the rate of return on this investment? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Standard deviation          %

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Financial Management: A project has a 7 chance of doubling your investment in a
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