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Suppose your expectations regarding the stock market are as follows Boom Normal growth Recession 0.3 0.3 0.4 3'3% 19 15 E(r) p(s) r(s) VVar(r) Use

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Suppose your expectations regarding the stock market are as follows Boom Normal growth Recession 0.3 0.3 0.4 3'3% 19 15 E(r) p(s) r(s) VVar(r) 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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