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(Related to Checkpoint 7.1) (Expected rate of return and risk) B. J. Gautney Enterprises is evaluating a security. One-year Treasury bills are currently paying 4.8

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(Related to Checkpoint 7.1) (Expected rate of return and risk) B. J. Gautney Enterprises is evaluating a security. One-year Treasury bills are currently paying 4.8 percent. Calculate the investment's expected return and its standard deviation. Should Gautney invest in this security? Probability 0.20 Return - 4% 4% 7% 0.45 0.15 0.20 10% (Click on the icon in order to copy its contents into a spreadsheet.) ...) a. The investment's expected return is%. (Round to two decimal places.)

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