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Problem 10-24 Expected Return and Risk (LG10-1) Following are four economic states, their likelihoods, and the potential returns: Economic State Fast growth Slow growth Recessior

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Problem 10-24 Expected Return and Risk (LG10-1) Following are four economic states, their likelihoods, and the potential returns: Economic State Fast growth Slow growth Recessior Depression Probability 0.34 0.56 0.05 0.05 Return 59% 19 -40 Compute the expected return and standard deviation. (Do not round intermediate calculations and round your answers to 2 decimal places.) Expected return Standard deviation

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