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Following are three economic states, their likelihoods, and the potential returns: Economic State Probability Return Fast growth 0.11 38 % Slow growth 0.52 8 Recession

Following are three economic states, their likelihoods, and the potential returns:

Economic State	Probability	Return
Fast growth	0.11	38	%
Slow growth	0.52	8
Recession	0.37	18

Determine the standard deviation of the expected return.

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