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FINC 3630 - Assignment 2 Qin - Fall 2020 5. There are four possible states of the world: severe recession with a probability of 10%, slow growth with a probability of 30%, recovery with a probability of 40%, and boom with a probability of 20%. Big Maui, Inc. stock will have a return of -3% in the severe recession state, 3% in the slow growth state, 7% in the recovery state, and 10% in the boom state. a. What is the expected return on this stock? b. What is the standard deviation of the expected return on this stock