[Steps Shown] A stock currently sells for $20. Over the next three years, the price of this stock is expected to increase to $21.80, $23.76, and $25.90 in
Question: A stock currently sells for $20. Over the next three years, the price of this stock is expected to increase to $21.80, $23.76, and $25.90 in years 1 to 3, respectively. The company does not pay dividends. What is the standard deviation of the expected annual return from this stock?
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