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Suppose your expectations regarding the stock price are as follows: State of the Market Probability Ending Price HPR ( including dividends ) Boom 0 .

Suppose your expectations regarding the stock price are as follows:
State of the Market Probability Ending
Price HPR (including
dividends)
Boom 0.30 $ 14056.5%
Normal growth 0.2611014.5
Recession 0.448015.0
Use the equations E(r)=\Sigma sp(s)r(s)
and \sigma 2=\Sigma sp(s)[r(s)E(r)]2
to 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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