Question: 1. Solve a numerical question. Assume that Target's manager believes that economic conditions during the coming year will be strong, typical, or weak, and thinks

1. Solve a numerical question. Assume that Target's manager believes that economic conditions during the coming year will be strong, typical, or weak, and thinks that the firm's returns will have the probability distribution shown below. What is the expected return? What are the variance and standard deviation of the expected returns? Economic Conditions Probability Return Strong 20% 30.0% Typical 30% 20.0% Weak 50% -10.0% 2. What is an exchange traded fund (ETF)? Choose two ETFs and get risk information from Yahoo Finance (click on Risk). What are the standard deviations for these two ETFs? Which of these ETFs is riskier
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