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Following are three economic states, their likelihoods, and the potential returns: Economic State Fast growth Slow growth Recession Probability Return 0.11 45% 0.53 14 0.36

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Following are three economic states, their likelihoods, and the potential returns: Economic State Fast growth Slow growth Recession Probability Return 0.11 45% 0.53 14 0.36 -29 Determine the standard deviation of the expected return. (Do not round intermediate calculations and round your answer to 2 decimal places.) Standard deviation [ 1%

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