Go to the linked spreadsheet and click on the Std Deviation of Return Tag Me tab. You have 4 Possible State outcomes. You are given the probability and return in both state 1 and 2. State 3 and 4 probability and returns are provided below. In addition, you are given the expected return for Tag Me. Use this information to compute the Standard Deviation of the Expected Return for Tag Me.

• State 3 has a probability of 50% with a return of 14.00%
• State 4 has a probability of 10% with a return of 24.00%
• Assume the overall 4-state expected return is 10.00%

Respond in percentage form without the percent sign and round to the second decimal place. Thus, 26.789% would be written as 26.79

states Outcome 1 2 3 4 Probability of a given state 10% 30% return in a given state -16.00% 8.30% Assumed Expected Return