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Following are three economic states, their likelihoods, and the potential returns: Economic State Fast growth Slow growth Recession Probability 0.28 Return 26% 0.38 14

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Following are three economic states, their likelihoods, and the potential returns: Economic State Fast growth Slow growth Recession Probability 0.28 Return 26% 0.38 14 0.34 -36 Determine the standard deviation of the expected return. (Do not round intermediate decimal places.) Standard deviation 23.32 %

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