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Question 3 Calculate the variance of this scenario Outcome 1: Recession. Probability = 40%. Return = 9.93%. Outcome 1: Recovery. Probability = 60%. Return =

Question 3 Calculate the variance of this scenario Outcome 1: Recession. Probability = 40%. Return = 9.93%. Outcome 1: Recovery. Probability = 60%. Return = 23.39%

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