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Outcome Probability Return Boom 60% 0.26 Normal 25% 0.19 Recession 10% 0.14 Depression 5% 0.10 What is the variance of this asset's returns?

Outcome Probability Return

Boom 60% 0.26

Normal 25% 0.19

Recession 10% 0.14

Depression 5% 0.10

What is the variance of this asset's returns?

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