An investor buys an asset at an initial cost of $475,000. The investor believes that at the end of one year, the asset could have four possible values. These values are $265,000, $477,000, $685,000 and $927,000 with respective probabilities of 20%, 30%, 35% and 15%.

a) In dollars and cents, what is the expected value of the asset in 1 year?

b) In percentage terms to 2 decimal places, what is the expected return on the asset?

c) In percentage terms to 2 decimal places, what is the expected standard deviation of the return of the asset?