Based on the following information:

State of Economy	Probability of State of Economy	Return on Stock J	Return on Stock K
Bear	.21	.029	.025
Normal	.56	.129	.053
Bull	.23	.209	.083

Calculate the expected return for each of the stocks. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

Expected return
Stock J	%
Stock K	%

Calculate the standard deviation for each of the stocks. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

Standard deviation
Stock J	%
Stock K	%

What is the covariance between the returns of the two stocks? (Do not round intermediate calculations and round your answer to 6 decimal places, e.g., 32.161616.

Covariance=

What is the correlation between the returns of the two stocks? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.)

Correlation =