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You have been given the following data: States Probability X Bear Market 10.3 -5% 3% Normal Market 10.5 18% 10% Bull Market 10.2 50% 10%

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You have been given the following data: States Probability X Bear Market 10.3 -5% 3% Normal Market 10.5 18% 10% Bull Market 10.2 50% 10% a. What are the expected return of the stocks X and Y? (2 Marks) b. What are the standard deviation of returns on stocks X and Y

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