Consider the following information about Stocks I and II:

$\backslash$table$[[,,$Rate of Return if State Occurs,$],[$State of$,\backslash$table$[[$Probability of$],[$State of$],[$Economy$]],$Stock I,Stock II$],[$Economy$,20,\mathrm{.}04,\mathrm{.}35],[$Recession$,60,26,15],[$Normal$,\mathrm{.}20,10,\mathrm{.}55],[$Irrational$,$exuberance,,$]]$

The market risk premium is $5$ percent, and the risk$-$free rate is $4$ 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$,$The standard deviation on Stock II's expected return is$,,],[$Stock I beta is$,,,$Therefore, based$],[,$percent, and the Stock II beta is$,$is "riskier".,$]]$