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: $$\begin{array} { l c c } \text { Stock of the Economy } & \text { Probability } & \text { HPR } \\\text { Boom } & 0.20 & 24 \% \\\text { Normal growth } & 0.45 & 15 \% \\\text { Recession } & 0.35 & 8 \% \\\hline\end{array}$$ 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.