The last four years of returns for a stock are as follows:

Year 1	Year 2	Year 3	Year 4
-4.2	28.4%	12.4 %	4.5%

a. What is the average annual return?

b. What is the variance of the stock's returns?

c. What is the standard deviation of the stock's returns?

Note: Notice that the average return and standard deviation must be entered in percentage format. The variance must be entered in decimal format.

a. What is the average annual return?

The average return is %. (Round to two decimal places.)