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Bay Land, Inc. has the following distribution of returns: StateReturnProbabilityBoom0.30.25Normal0.40.15Bust0.30.30 What is the expected return of the portfolio? What is the standard deviation of the

Bay Land, Inc. has the following distribution of returns:

StateReturnProbabilityBoom0.30.25Normal0.40.15Bust0.30.30

  1. What is the expected return of the portfolio?

  1. What is the standard deviation of the portfolio?

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