Question: The expected returns for Surf Company are shown below: Probability Economy Above average Average Below average Recession 0.30 0.40 0.25 0.05 Return 22% 15% 6%

The expected returns for Surf Company are shown below: Probability Economy Above average Average Below average Recession 0.30 0.40 0.25 0.05 Return 22% 15% 6% -27% Calculate expected return and standard deviation for Surf Co

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