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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 Economy Boom Normal growth Probability, Scenario #(s) 1 pls). HPR 2 3 0.336 0.414 0.25 28.40% 7.90% -18.90% Recession Required: a. 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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