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Following are three economic states, their likelihoods, and the potential returns: Economic State 5 Fast growth Slow growth nts Recession Probability -0.20 0.58 0.22

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Following are three economic states, their likelihoods, and the potential returns: Economic State 5 Fast growth Slow growth nts Recession Probability -0.20 0.58 0.22 Return 24% 11 -33 eBook Determine the standard deviation of the expected return. Note: Do not round intermediate calculations and round your answer to 2 decimal places. Hint Standard deviation %

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