Suppose your expectations regarding the stock price are as follows:

State of the Market Probability Ending Price HPR (including dividends)

State of the market	Probability	Ending Price	HPR
Boom	0.30	$ 140	48.5%
Normal Growth	0.23	$ 110	13.5%
Recession	0.47	$ 80	-19.5%

Use the equations:

to compute the mean and standard deviation of the HPR on stocks. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

E(r)=sp(s)r(s)and2=p(s)[r(s)E(r)]2