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3. The common stock of Great Lakes Concrete Ltd. is expected to provide a -10% return if the economy tanks and 18% return if the

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3. The common stock of Great Lakes Concrete Ltd. is expected to provide a -10% return if the economy tanks and 18% return if the economy is booming. There is equal probability for the economy sliding into recession or steaming ahead at full employment GDP level. a.) What is the expected return on Great Lakes' stock? (2.5 pts) b.) What is the standard deviation? (2.5 pts)

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