Consider the following information about Stocks I and II: Rate of Return If State Occurs Probability of State of Economy .30 .40 Stock I State of Economy Recession Normal Irrational exuberance Stock 11 .10 - 25 .12 .17 30 .11 .45 The market risk premium is 8 percent, and the risk-free rate is 3 percent. (Do not round Intermediate calculations. Enter your standard deviation answers as a percent rounded to 2 decimal places, eg, 32.16. Round your beta answers to 2 decimal places, e.g., 32.16.) The standard deviation on Stock I's return is deviation on Stock Il's return is stock's systematic risk/beta, Stock 3.21 percent, and the Stock i beta is percent, and the Stock Il beta is 0.98 % is "riskier" 1.26 The standard Therefore, based on the 27.13