Moss county bank agrees to lend the sadowski brick company $500,000 on january 1. sadowski brick company signs a $500,000, 6%, 9-month note and closes its books on june 30 each year. the entry made by sadowski brick company on january 1 to record the proceeds and issuance of the note

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?