Your investment advisor believes that recent stock returns should be given more consideration when calculating future returns and risk than older returns. The historical returns for Lately Lighthouse, Inc. are given in the table below, along with the weights that your advisor believes are appropriate. Use the corresponding weights in all calculations.

Year	Lately Stock				Weight
2012		11.96	%			5	%
2013		13.28	%			15	%
2014		8.20	%			20	%
2015		10.78	%			25	%
2016		7.75	%			35	%

b. What is the standard deviation of returns for Lately Lighthouse, Inc.? (Enter your answer as a percent rounded to two decimal places.)

Picture for Reference

Problem 11-C Measuring Risk and Return Your investment advisor believes that recent stock returns should be given more consideration when calculating future returns and risk than older returns. The historical returns for Lately Lighthouse, Inc. are given in the table below, along with the weights that your advisor believes are appropriate. Use the corresponding weights in all calculations Year Lately Stock 2012 2013 2014 2015 2016 11 .96% 13.28% 8.20% 10.78% 75% Weight 5% 15% 20% 25% 35% a. What is the expected return for Lately Lighthouse, Inc.? (Enter your answer as a percent rounded to two decimal places.) Expected return9.64%Question A is already solved b. What is the standard deviation of returns for Lately Lighthouse, Inc.? (Enter your answer as a percent rounded to two decimal places.) Standard deviation 0.871%