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Following are four economic states, their likelihoods, and the potential returns: Economic State Probability Return Fast growth 0.34 56 % Slow growth 0.46 17 Recession
Following are four economic states, their likelihoods, and the potential returns: Economic State Probability Return Fast growth 0.34 56 % Slow growth 0.46 17 Recession 0.12 12 Depression 0.08 45 Compute the expected return and standard deviation. (Do not round intermediate calculations and round your answers to 2 decimal places.)
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