Consider the following information about Stocks I and II:

	Rate of Return if State Occurs
State of Economy	Probability of State of Economy	Stock I	Stock II
Recession	.30	.08	-.27
Normal	.45	.19	.14
Irrational Exuberance	.25	.13	.47

The market risk premium is 8 percent, and the risk-free rate is 6 percent. (Do not round intermediate calculations. Enter your standard deviation answers as a percent rounded to 2 decimal places, e.g., 32.16. Round your beta answers to 2 decimal places, e.g., 32.16.)

The standard deviation on Stock I's return is:		%
The Stock I beta is:
The standard deviation on Stock II's return is:		%
The Stock II beta is:
Therefore, based on the stock's systematic risk/beta, Stock		is riskier.