Consider the following information on Stocks I and II:

$\backslash$table$[[,,,$Rate of Return If State Occurs$],[\backslash$table$[[$State of$],[$Economy$]],\backslash$table$[[$Probability of$],[$State of$],[$Economy$]],$Stock I,Stock II$,],[$Recession$,\mathrm{.}25,\mathrm{.}06,-\mathrm{.}30,],[$Normal$,\mathrm{.}45,\mathrm{.}18,\mathrm{.}06,],[$Irrational$,\mathrm{.}30,\mathrm{.}12,\mathrm{.}45,],[$exuberance$,,,,]]$

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$.,32\mathrm{.}16.$ Round your beta answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$