Following are three economic states, their likelihoods, and the potential returns: Economic State Fast growth Slow growth Recession Probability 0.22 0.49 0.29 Return 38% 6 -26 Determine the standard deviation of the expected return. (Do not round intermediate calcula decimal places.) 31 Standard deviation Changes in Growth and Stock Valuation Consider a firm that had been priced using a 11.00 percent growth rate and a 16.00 percent required rate. The firm recently paid a $1.50 dividend. The firm has just announced that because of a new joint venture, it will Wely grow at a 13.00 percent rate. How much should the stock price change in dollars and percentage)? Multiple Choice 47:24 $23.20,70% $23:20, 7000 $19.00, 100.00% $19.00, 10