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Following are four economic states, their likelihoods, and the potential returns: Economic State Probability Return Fast growth 0.31 69 % Slow growth 0.50 18 Recession
Following are four economic states, their likelihoods, and the potential returns: Economic State Probability Return Fast growth 0.31 69 % Slow growth 0.50 18 Recession 0.17 23 Depression 0.02 57 Compute the expected return and standard deviation. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
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