Consider the following information about Stocks I and II:

$\backslash$table$[[,\backslash$table$[[$Rate of Return if State$],[$Occurs$]]],[$State of Economy,$\backslash$table$[[$Probability of State of$],[$Economy$]],$Stock I,Stock II$],[$Recession$,20,\mathrm{.}03,-20],[$Normal$,\mathrm{.}45,28,\mathrm{.}05],[$Irrational exuberance,$\mathrm{.}35,\mathrm{.}04,38]]$

The market risk premium is $8$ percent, and the risk$-$free rate is $4$ percent. $($Do not round. intermediate calculations. Enter your standard deviation answers as a percent rounded to $2$ decimal places, e$.$g$.,3216.$ Round your beto answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

$\backslash$table$[[$The standard deviation on Stock I$\text{'}$s$,$percent, and t$,$The standard$],[$deviation on Stock II's return is$,$percent, and the Stock II beta is$,$Therefore, based on the$],[$stock$\text{'}$s systematic risk$/$beta$,$ Stock,is "riskier".,$]]$