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Following are three economic states, their likelihoods, and the potential returns Economic State Fast growth slow growth Recession Probability 0.31 0.53 0.16 Return 280 -3

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Following are three economic states, their likelihoods, and the potential returns Economic State Fast growth slow growth Recession Probability 0.31 0.53 0.16 Return 280 -3 -31 Determine the standard deviation of the expected return (Do not round intermediate calculations and round your answer to 2 decimal places.) Standard deviation %

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