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Suppose your expectations regarding the stock market are as follows State of the Economy Boom Normal growth Recession Probability HPR 44% 0. 3 0.6 0.1

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Suppose your expectations regarding the stock market are as follows State of the Economy Boom Normal growth Recession Probability HPR 44% 0. 3 0.6 0.1 -15 E(r) p(s)r(s) Use above equations to compute the mean and standard deviation of the HPR on stocks. (Do not round intermediate calculations. Round your answers to 2 decimal places Mean Standard deviation

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