Question: Type your answer in the box. Suppose that in a boom year QRS stock will earn 20% and in a bust year it will earn

 Type your answer in the box. Suppose that in a "boom"

Type your answer in the box. Suppose that in a "boom" year QRS stock will earn 20% and in a "bust" year it will earn -15%. If there is a 60% chance of a boom year and a 40% chance of a bust, then the expected return is and the standard deviation of the expected return is %. (round answers to two decimals)

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