What is the expected variance for kmp stock

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You have been given a report that contains the probability distribution listed below for a projected HPR (Holding Period Return) for RU stock that trades over-the-counter in the United States.

STATE OF THE ECONOMY     PROBABILITY      HPR

Boom                                          .30                  18%

Normal Growth                             .50                  12%

Recession                                    .20                  -5%

What is the expected variance for KMP stock?

Showing your work will allow me to give you partial credit if you do not get the correct answer.

Reference no: EM132412207

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