Based on the following information, State of economy Bear Normal Bull Probability of state of economy 0.30 0.50 0.20 Return on stock J 0.120 0.145 0.228 Return on stock K 0.054 0.012 0.102 a. Calculate the expected return and standard deviation for each of the following stocks. (Do not round the intermediate calculations. Round the final answer to 2 decimal places.) Stock Expected return Standard deviation Stock b. What are the covariance and correlation between the returns of the two stocks? (Do not round the intermediate calculations. Round the coverience answer to 6 decimal places. Round the correlation answer to 4 decimal places.) Covariance Correlation