Question: Outcome Probability Return Boom 60% 0.30 Normal 25% 0.24 Recession 10% 0.13 Depression 5% 0.04 What is the variance of this asset's returns?

Outcome Probability Return
Boom 60% 0.30
Normal 25% 0.24
Recession 10% 0.13
Depression 5% 0.04

What is the variance of this asset's returns?

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