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You are considering investing in a project with the following possible outcomes: States Probability of Occurrence Investment Return Economic Boom 30% 20% Economic Growth 45%

You are considering investing in a project with the following possible outcomes:

States Probability of Occurrence Investment Return Economic Boom 30% 20% Economic Growth 45% 0% Economic Decline 25% -10%

a) Calculate the expected rate of return? b) Calculate the standard deviation for this investment (use up to 4 decimal places for calculation and answer response)

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