Consider the following information about Stocks I and II:

$\backslash$table$[[,,\backslash$table$[[$Rate of Return if State$],[$Occurs$]],],[$State of Economy,Probability of State of$,,],[$Recession$,$Economy,Stock I,Stock II$],[$Normal$,\mathrm{.}25,\mathrm{.}03,-\mathrm{.}32],[$Irational exuberance,$\mathrm{.}50,\mathrm{.}23,\mathrm{.}12]]$

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

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