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You have been given the following information: State of Economy Probability of State of Economy Rate of Return if State Occurs Depression .14 .101 Recession
You have been given the following information: |
State of Economy | Probability of State of Economy | Rate of Return if State Occurs |
Depression | .14 | .101 |
Recession | .21 | .063 |
Normal | .49 | .134 |
Boom | .16 | .215 |
Calculate the expected return and standard deviation. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) |
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