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An asset has the following HPRs with associated probabilities. Compute the expected return and standard deviation of the asset. Probability HPR (probability on the left

An asset has the following HPRs with associated probabilities. Compute the expected return and standard deviation of the asset.

Probability HPR (probability on the left and HPR on the right numbers Please show Work)

Severe Recession 0.10 -0.20

Mild Recession 0.20 -0.05

Normal Growth 0.50 0.10

Boom 0.20 0.20

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