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Additional Problem 5-5 The following data represent the probability distribution of the holding period returns for an investment in Lazy Rapids Kayaks (LARK) stock. State

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Additional Problem 5-5 The following data represent the probability distribution of the holding period returns for an investment in Lazy Rapids Kayaks (LARK) stock. State of the Economy Boom Normal growth Recession Scenario #(s) 1 2 3 Probability, p(s) 0.332 0.408 0.26 HPR 29.20% 7.40% -18.60% Required: a. What is the expected return on LARK? (Do not round intermediate calculations. Round your answer t 2 decimal places.) Expected return % b. What is the standard deviation of the returns on LARK? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Standard deviation %

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