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Problem 10-18 Expected Return Risk (LG10-1) Following are three economic states, their likelihoods, and the potential returns: Economic State Probability Return Fast growth 0.30 461

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Problem 10-18 Expected Return Risk (LG10-1) Following are three economic states, their likelihoods, and the potential returns: Economic State Probability Return Fast growth 0.30 461 Slow growth 0.33 8 Recession 0.37 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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