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c) Supposing that the forecast on the economic situation and returns of the portfolio will be as follows in the next year, calculate the expected

c) Supposing that the forecast on the economic situation and returns of the portfolio will be as follows in the next year, calculate the expected return, variance and standard deviation of the portfolio. (4 marks) State of economy Probability / Rate of returns :Mild Recession 0.30 - 5% , Growth 0.40 12%, Strong Growth 0.30 25%.

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