Consider the following returns and states of the economy for TZ.Com.: ...
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Finance
Consider the following returns and states of the economy for TZ.Com.:
| Economy | Probability | Return |
| Weak | 20% | -4% |
| Normal | 20% | 8% |
| Strong | 60% | 18% |
What is the standard deviation of TZ's returns? Please show all steps
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