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Following are three economic states, their likelihoods, and the potential returns: Economic State Fast growth Slow growth Recession Probability 0.24 0.36 0.40 Return 36% 11

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Following are three economic states, their likelihoods, and the potential returns: Economic State Fast growth Slow growth Recession Probability 0.24 0.36 0.40 Return 36% 11 -28 Determine the standard deviation of the expected return. (Do not round intermediate decimal places.) Standard deviation

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