Mackey motors will return a 40 return in a boom economy a, Financial Management

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Mackey motors will return a 40 return in a boom economy a

Mackey Motors will return a 40% return in a boom economy, a 10% return in a normal economy, and - 25% return in a recession. If there is a 30% chance of a boom economy, 50% chance of normal growth, and 20% chance of a recession, what’s the standard deviation of returns?

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Financial Management: Mackey motors will return a 40 return in a boom economy a

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Financial Management: Mackey motors will return a 40 return in a boom economy a

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