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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. Scenario #(s) State of

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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. Scenario #(s) State of the Economy Boom Normal growth Recession Probability, p(s) 0.336 0.414 0.25 Nm HPR 28.40% 7.90% -18.90% 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 0 %

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