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Lucy owns a GE stock and she estimates the following returns are likely depending on the state of the economy. Probability Economy Recession Payoff 2.0%

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Lucy owns a GE stock and she estimates the following returns are likely depending on the state of the economy. Probability Economy Recession Payoff 2.0% .25 Normal .55 12.0% Boom .20 20.0% Based on Lucy's estimates; what is the expected return of GE stock and what is the standard deviation of GE's returns

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