Question: Problem 10-17 Expected Return Risk (LG10-1) Following are three economic states, their likelihoods, and the potential returns: Economic State Probability Return Fast growth 0.27 34

Problem 10-17 Expected Return Risk (LG10-1)

Following are three economic states, their likelihoods, and the potential returns:

Economic State Probability Return
Fast growth 0.27 34 %
Slow growth 0.35 7
Recession 0.38 29

Determine the standard deviation of the expected return. (Do not round intermediate calculations and round your answer to 2 decimal places.)

Standard deviation %

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