You have been given this probability distribution for the holding$-$period return for a stock:

What is the expected variance for the stock?

Stock of the Economy

Probability

HPR

Boom

$0\mathrm{.}40$

$22\%$

Normal growth

$0\mathrm{.}35$

$11\%$

Recession

$0\mathrm{.}25$

$9\%$

Group of answer choices

$1\mathrm{.}48\%$

$1\mathrm{.}42\%$

$1\mathrm{.}90\%$

$1\mathrm{.}77\%$

None of the options are correct