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Please explain how you got it by steps no excel Question# 1 Suppose that your expectation regarding the stock market are as follows State of

Please explain how you got it by steps no excel image text in transcribed
Question# 1 Suppose that your expectation regarding the stock market are as follows State of the Economy Boom Normal Recessiorn Likelihood 0.3 0.4 0.3 HPR 44% 14% -16% What is the expected return and standard deviation

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