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

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The following data represent the probability distribution of the holding period returns for an investment in Lazy Rapids Kayaks (LARK) stock State of the Boon Economy Normal growth Recession Required: Probability, Scenario #(s) 1 p(s) HPR 0.344 32.40% 0.426 8.90% 3 0.23 -19.50% e. What is the expected return on LARK? (Do not round Intermediate calculations. Round your answer to 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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