Business, 12.03.2020 06:46 sammiirene

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 Scenario #(s) Probability, p(s) HPR Boom 1 0.336 28.40% Normal growth 2 0.414 7.90% Recession 3 0.25 -18.90% a. What is the expected return on LARK? (Round your answer to 2 decimal places.) Expected return

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