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Suppose your expectations regarding the stock market are as follows: State of the Economy Probability HPR Boom 0.4 43% Normal growth 0.5 23 Recession 0.1

Suppose your expectations regarding the stock market are as follows: State of the Economy Probability HPR Boom 0.4 43% Normal growth 0.5 23 Recession 0.1 -16

compute the mean and standard deviation of the HPR on stocks. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

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