Based on the following information,

State of economy	Probability of state of economy	Return on stock J		Return on stock K
Bear	0.30	0.020		0.034
Normal	0.50	0.138		0.062
Bull	0.20	0.218		0.092

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 J	Stock K
Expected return	%	%
Standard deviation	%	%

b. What are the covariance and correlation between the returns of the two stocks? (Do not round the intermediate calculations. Round the covariance answer to 6 decimal places. Round the correlation answer to 4 decimal places.)

Covariance
Correlation