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Problem 10-18 Expected Return Risk (LG10-1) Following are three economic states, their likelihoods, and the potential returns: Return 43% Economic State Fast growth slow growth

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Problem 10-18 Expected Return Risk (LG10-1) Following are three economic states, their likelihoods, and the potential returns: Return 43% Economic State Fast growth slow growth Recession Probability 0.21 0.46 0.33 9 -23 Determine the standard deviation of the expected return. (Do not round intermediate calculations and round your answer to 2 decimal places.) Standard deviation %

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