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Three economic states, their likelihoods, and the potential returns: Economic State Probability Return Fast growth 0.25 30 % Slow growth 0.58 8 Recession 0.19 44

Three economic states, their likelihoods, and the potential returns: Economic State Probability Return Fast growth 0.25 30 % Slow growth 0.58 8 Recession 0.19 44 Determine the standard deviation of the expected return. Please show work

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