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An investor holds two stocks, each of which can rise (R), remain unchanged (U), or decline (D) on any particular day. Assume that for the

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An investor holds two stocks, each of which can rise (R), remain unchanged (U), or decline (D) on any particular day. Assume that for the first stock (on a particular day) P (R) = 1 , P( U) = . 1 , P (D ) = .8 and that for the second stock (on a particular day) P ( R ) = .3 , P( U) = 1 , P (D ) =. 6 Assuming that these stocks move independently, find the probability that both stocks decline; the probability that exactly one stock rises; the probability that exactly one stock is unchanged; the probability that both stocks rise. (Round your answers to 2 decimal places.) Both decline Exactly one rises Exactly one unchanged Both rise

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