What is one course of action available in every decision making process? a. Respond in a way which will have only positive consequences b. Respond in a way which will have no negative consequences c. Choose to do nothing about the issue d. None of the above.

The returns on the common stock of maynard cosmetic specialties are quite cyclical. in a boom economy, the stock is expected to return 22 percent in comparison to 9 percent in a normal economy and a negative 14 percent in a recessionary period. the probability of a recession is 35 percent while the probability of a boom is 10 percent. what is the standard deviation of the returns on this stock?