Determine the standard deviation of the expected


Expected Return Risk

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

Economic State Probability Return

Fast growth 0.23 47 %

Slow growth 0.32 22

Recession 0.45 –37

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

Standard deviation %

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Financial Management: Determine the standard deviation of the expected
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