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Following are three economic states, their likelihoods, and the potential returns: Economic State Probability Return Fast growth 0 . 2 0 2 4 % Slow

Following are three economic states, their likelihoods, and the potential returns:
Economic State Probability Return
Fast growth 0.2024%
Slow growth 0.5811
Recession 0.2233
Determine the standard deviation of the expected return.

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