State of the MarketProbability$$Ending

Price$$HPR $($including

dividends$)$Boom$0\mathrm{.}30$$$14053\mathrm{.}5\%$Normal growth$0\mathrm{.}2011020\mathrm{.}0$Recession$0\mathrm{.}508017\mathrm{.}0$Use the equations

E$($r$)=\backslash$Sigma sp$($s$)$r$($s$)$

and

$\backslash$sigma $2=\backslash$Sigma sp$($s$)[$r$($s$)$E$($r$)]2$

$$

to compute the mean and standard deviation of the HPR on

stocks.