Business
Business, 19.03.2021 03:20, goargrant

Consider an economy with two types of firms, S and I. S firms always move together, but I firms move independently of each other. For both types of firms there is a 70% probability that the firm will have a 20% return and a 30% probability that the firm will have a -30% return. The standard deviation for the return on an portfolio of 20 type S firms is closest to .

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Consider an economy with two types of firms, S and I. S firms always move together, but I firms move...

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