You have 4 Possible State outcomes. You are given the probability and return in both state 1 and 2. State 3 and 4 probability and returns are provided below. In addition, you are given the expected return for Tag Me. Use this information to compute the Standard Deviation of the Expected Return for Tag Me.

• State 3 has a probability of 50% with a return of 14.00%
• State 4 has a probability of 10% with a return of 24.00%
• Assume the overall 4-state expected return is 10.00%

Respond in percentage form without the percent sign and round to the second decimal place.

states	Probability of	return in a
Outcome	a given state	given state
1	10%	-16.00%
2	30%	8.30%
3
4
Assumed Expected Return