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Suppose your expectations regarding the stock market are as follows: State of the EconomyProbabilityHPRBoom0.240%Normal growth0.320Recession0.5-17 Use above equations to compute the mean and standard deviation

Suppose your expectations regarding the stock market are as follows:

State of the EconomyProbabilityHPRBoom0.240%Normal growth0.320Recession0.5-17

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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