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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

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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 Recession Scenario () 1 Probability, P() 0.324 0.396 0.280 MPR 30.800 8.900 -18.00 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 %

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