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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