Consider the following information about Stocks I and II:

$\backslash$table$[[,,\backslash$table$[[$Rate of Return if State$],[$Occurs$]]],[$State of Economy,State of$,$Ochar$],[$Economy$,$Stock I,Stock II$,],[$Recession$,30,\mathrm{.}08,-\mathrm{.}27],[$Normal$,\mathrm{.}45,\mathrm{.}19,\mathrm{.}14],[$Irrational exuberance,$\mathrm{.}25,\mathrm{.}13,\mathrm{.}47]]$

The market risk premium is $8$ percent and the risk$-$free rate is $6$ percent. $($Do not round intermediate calculations. Enter the standard deviations as a percent and round all answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

$\backslash$table$[[$The standard deviation on Stock I$\text{'}$s expected return is$,$percent, and the,$],[$Stock I beta is$,,.$ The standard deviation on Stock II's expected return is$],[,$percent, and the Stock II beta is$,.$ Therefore, based$],[$on the stock's systematic riskbeta, Stock,,is "riskier".$]]$