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is this an example of a contract;Suppose that a contract promises a payoff of $70,000 under a good outcome (happens with probability of 70%) and

is this an example of a contract;Suppose that a contract promises a payoff of $70,000 under a good outcome (happens with probability of 70%) and $45,000 under a bad outcome (happens with probability of 30%). Then the standard deviation is approximately $15,450

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