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NOTE: PLEASE USE FINANCIAL CALCULATOR NOT EXCEL. Calculate the standard deviation of this scenario Outcome 1: Recession. Probability = 40%. Return = 7.38%. Outcome 1:

NOTE: PLEASE USE FINANCIAL CALCULATOR NOT EXCEL.

Calculate the standard deviation of this scenario

Outcome 1: Recession. Probability = 40%. Return = 7.38%.

Outcome 1: Recovery. Probability = 60%. Return = 17.27%.

Answer in % terms w/o % sign and to 4 decimal places (1.2345)

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