As a keen financial analyst, Nick Milla has recorded the following annual historical returns on Lynard Ltd. shares over the last four years:

Year 1 = (-8%), Year 2 = (3%), Year 3 = (16%), Year 4 = (5%).

Required:

In relation to Lynard Ltd. shares:

(1) What is the expected return?

(2) What is the standard deviation of returns?

(3) Approximately 90% of the time what would be the extent of the range of returns (highest to lowest) expected on the shares?

Group of answer choices

(1) 8.0%, (2) 144.00%, (3) 20.17%

(1) 4.0%, (2) 9.83%, (3) 32.17%

(1) 10.00%, (2) 96.67%, (3) 16.17%

(1) 10.0%, (2) 12.08%, (3) 28.17%

(1) 4.0%, (2) 9.83%, (3) 28.17%

(1) 8.0%, (2) 12.08%, (3) 32.17%