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The expected returns for Surf Company are shown below: Economy Probability Return Boom 0.05 20% Above average 0.20 15% Average 0.35 8% Below average 0.30

The expected returns for Surf Company are shown below:

Economy Probability Return

Boom 0.05 20%

Above average 0.20 15%

Average 0.35 8%

Below average 0.30 5%

Recession 0.10 -25%

Calculate expected return and standard deviation for Surf Co.

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