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3. You have been given this probability distribution for the holding-period return for a stock: State of the Economy Probability HPR (% Boom 6.4 22

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3. You have been given this probability distribution for the holding-period return for a stock: State of the Economy Probability HPR (% Boom 6.4 22 Normal growth .35 11 .25 -9 Recession a) What is the expected holding-period return for the stock? b) What is the expected standard deviation for the stock? c) What is the expected variance for the stock? Hone

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