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	Scenario #(s)	Probability, p(s)	HPR
Boom	1	0.344	32.40%
Normal growth	2	0.426	8.90%
Recession	3	0.23	-19.50%

a. What is the expected return on LARK? (Round your answer to 2 decimal places.)

Expected return %

b. What is the standard deviation of the returns on LARK? (Round your answer to 2 decimal places.)

Standard deviation %