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Following are three economic states, their likelihoods, and the potential returns: Economic State Fast growth Slow growth Recession Probability 0.29 0.41 0.30 -27 Return 30%

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Following are three economic states, their likelihoods, and the potential returns: Economic State Fast growth Slow growth Recession Probability 0.29 0.41 0.30 -27 Return 30% 3 Determine the standard deviation of the expected return. (Round your answer to 2 decimal places.) Standard deviation

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