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State of the Mkt Probability Ending price HPR Boom 10 41.5% 75 Normal 15.0% 50 55 Recession 40 25 -20% (10 points) Given the information
State of the Mkt Probability Ending price HPR Boom 10 41.5% 75 Normal 15.0% 50 55 Recession 40 25 -20% (10 points) Given the information above, what is the mean and standard deviation of HPR? How does the answer to change if the probability of recession falls to 0.3 and boom rises to 0,2?
DO NOT COPY FROM CHEGG I NEED A FULL EXPLANATION
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