Following are three economic states, their likelihoods, and the potential returns: Economic State ____Probability _____Return Fast growth..0.24.33
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Question:
Following are three economic states, their likelihoods, and the potential returns:
Economic State ____Probability _____Return
Fast growth……………………..0.24………………….33
Slow growth…………………….0.49………………….15
Recession……………………….0.27…………………–38
Determine the standard deviation of the expected return. (Do not round intermediate calculations and round your answer to 2 decimal places.)
Related Book For
Finance Applications and Theory
ISBN: 978-0077861681
3rd edition
Authors: Marcia Cornett, Troy Adair
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