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Ruth recently invested in real estate with the intention of selling the property one year from today. She has modeled the returns on that imvestment

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Ruth recently invested in real estate with the intention of selling the property one year from today. She has modeled the returns on that imvestment based on three cconomic scenarios. She believes that if the economy stays healthy, then her investment will generate a 30 percent return. However, if the economy softens, as predicted, the return will bed 10 percent, while the return will be -25 percent if the economy slips into a recession. If the probabilities of the healthy, soft, and recessionary states are 0.3,0.6, and 0.1 , respectively. then what are the expected return and the standard deviation of the return on Ruth's investment? (Round intermediate calculations to 5 decimal ploces, es. 0.07680, expected return to 2 decimal places, es. 12.25% and standard deviation to 3 decimat places, es. 0.125) Expected return \% Standard deviation

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