Answer the following question. Show all your work. You are presented with the following two states for the economy and the returns in each state for stock X, stock Y and BIST 100. Each state is equally likely (50% chance each). States Recession Boom Stock X -12 36 Rate of Return % Stock Y -8 22 BIST 100 -10 30 If the T-bill rate is 5%, find the expected rate of return of the two stocks X and Y