Consider the following information about Stocks I and II:

				Rate of Return If State Occurs
State of	Probability of
Economy	State of Economy			Stock I			Stock II
Recession		.20			.03			.20
Normal		.45			.28			.05
Irrational exuberance		.35			.04			.38
The market risk premium is 8 percent, and the risk-free rate is 4 percent. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16. Enter your return answers as a percent. )

The standard deviation on Stock I's return is _____ percent, and the Stock I beta is_______ . The standard deviation on Stock II's return is_______ percent, and the Stock II beta is_______ . Therefore, based on the stock's systematic risk beta, Stock (I or II) is "riskier".