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Following are four economic states, their likelihoods, and the potential returns: Economic State Probability Return Fast growth 0.34 59 % Slow growth 0.56 19 Recession
Following are four economic states, their likelihoods, and the potential returns: Economic State Probability Return Fast growth 0.34 59 % Slow growth 0.56 19 Recession 0.05 8 Depression 0.05 40 Compute the expected return and standard deviation. (Do not round intermediate calculations and round your answers to 2 decimal places.)
Expected return % ?
Standard deviation %?
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