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Following are four economic states, their likelihoods, and the potential returns: Economic State Probability Return Fast growth 0.26 53 % Slow growth 0.44 11 Recession
Following are four economic states, their likelihoods, and the potential returns: Economic State Probability Return Fast growth 0.26 53 % Slow growth 0.44 11 Recession 0.19 12 Depression 0.11 44 Compute the expected return and standard deviation. (Do not round intermediate calculations and round your answers to 2 decimal places.) Expected return 11.59% Standard deviation %
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