Question: Based on the following information, what is the standard deviation of returns? State of Economy Probability of State of Economy Rate of Return if State
Based on the following information, what is the standard deviation of returns?
| State of Economy | Probability of State of Economy | Rate of Return if State Occurs | ||
| Recession | .23 | .091 | ||
| Normal | .46 | .106 | ||
| Boom | .31 | .216 | ||
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
