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Following are four economic states, their likelihoods, and the potential returns: Economic State Probability Return Fast growth 0 . 3 6 7 8 % Slow
Following are four economic states, their likelihoods, and the potential returns:
Economic State Probability Return
Fast growth
Slow growth
Recession
Depression
Compute the expected return and standard deviation.
Note: Do not round intermediate calculations and round your answers to decimal places.
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