Question: Problem 10-18 Expected Return Risk (LG10-1) Following are three economic states, their likelihoods, and the potential returns: Economic State Probability Return Fast growth 0.32 38

Problem 10-18 Expected Return Risk (LG10-1)

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

Economic State Probability Return
Fast growth 0.32 38 %
Slow growth 0.34 11
Recession 0.34 31

Determine the standard deviation of the expected return. (Round your answer to 2 decimal places.)

Standard deviation %

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