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Following are three economic states, their likelihoods, and the potential returns: Economic State Probability Return Fast growth 0.30 46 % Slow growth 0.33 8 Recession
| Following are three economic states, their likelihoods, and the potential returns: |
| Economic State | Probability | Return | |||
| Fast growth | 0.30 | 46 | % | ||
| Slow growth | 0.33 | 8 | |||
| Recession | 0.37 | 41 | |||
| Determine the standard deviation of the expected return |
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American Public School Finance
Authors: William A. Owings, Leslie S. Kaplan
3rd Edition
113849996X, 978-1138499966
