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Following are three economic states, their likelihoods, and the potential returns: Economic State Probability Return Fast growth 0.25 22 % Slow growth 0.45 6 Recession

Following are three economic states, their likelihoods, and the potential returns: Economic State Probability Return Fast growth 0.25 22 % Slow growth 0.45 6 Recession 0.30 26 Determine the standard deviation of the expected return. (Do not round intermediate calculations and round your answer to 2 decimal places.) Standard deviation %

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