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ABC stock is expected to return 12.8% in a booming economy, 7.3% in a normal economy, and lose 4.7% in a recession. There is an

ABC stock is expected to return 12.8% in a booming economy, 7.3% in a normal economy, and lose 4.7% in a recession. There is an equal probability of each state of the economy. What is the expected return? What is the standard deviation? Answer into percentage form with two decimal places.

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