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Consider the following returns and states of the economy for TZ.Com.: Economy...

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Accounting

Consider the following returns and states of the economy for TZ.Com.:

Economy Probability Return
Weak 20% -2%
Normal 20% 4%
Strong 60% 20%

What is the standard deviation of TZ's returns? SET YOUR CALCULATOR TO FOUR DECIMAL PLACES AND ROUND TO 2 DECIMAL PLACES AT THE END.

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