You Have Been Given This Probability Distribution for the Holding-Period

Multiple Choice

You have been given this probability distribution for the holding-period return for Cheese, Inc. stock: $\begin{array}{lcc} \text { Stock of the Economy } & \text { Probability} & \text {HPR } \\ \text { Boom } &0.20&24\%\\ \text { Normal growth } &0.45&15\%\\\text { Recession }&0.35&8\%\end{array}$

Assuming that the expected return on Cheese's stock is 14.35%, what is the standard deviation of these returns?

A) 4.72%
B) 6.30%
C) 4.38%
D) 5.74%
E) None of the options are correct.