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Question 9 PL Lumber stock information is as follows: PROBABILITY EXPECTED RETURN STATE OF ECONOMY 22% 0.15 BOOM 16% 0.15 ABOVE NORMAL 12% 0.40 NORMAL

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Question 9 PL Lumber stock information is as follows: PROBABILITY EXPECTED RETURN STATE OF ECONOMY 22% 0.15 BOOM 16% 0.15 ABOVE NORMAL 12% 0.40 NORMAL 8% 0.20 BELOW NORMAL -2% 0.10 RECESSION (1) What is the expected rate of return on this stock? (2) What is the standard deviation on this stock? Round up your answer to TWO decimals in % i - 1

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