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Problem 10-23 Expected Return and Risk (LG10-1) Following are four economic states, their likelihoods, and the potential returns Economic State nts Fast growth Slow

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Problem 10-23 Expected Return and Risk (LG10-1) Following are four economic states, their likelihoods, and the potential returns Economic State nts Fast growth Slow growth Recession Depression Probability 0.23 Return 76% 0.50 21 0.23 -20 0.04 -55 Compute the expected return and standard deviation. (Do not round intermediate calculations and round your answers to 2 decimal places.)

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