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		0.25			0.02		?	0.25
Normal		0.50			0.21			0.09
Irrational exuberance		0.25			0.06			0.44

The market risk premium is 7 percent, and the risk-free rate is 4 percent. (Round your answers to 2 decimal places. (e.g., 32.16))

1) The standard deviation on Stock I's return is______percent, and the Stock I beta is______.

2) The standard deviation on Stock II's return is______percent, and the Stock II beta is______.

3) Therefore, based on the stock's systematic risk/beta, Stock I is riskier.