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Following are three economic states, their likelihoods, and the potential returns: Economic State Probability Return Fast growth 0.19 37 % Slow growth 0.42 20 Recession

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

Economic State Probability Return
Fast growth 0.19 37 %
Slow growth 0.42 20
Recession 0.39 13

Determine the standard deviation of the expected return. (Do not round intermediate calculations and round your answer to 2 decimal places.)

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