Consider the following information on Stocks I and II: Probability of Rate of Retum if State Occurs State of Economy State of Economy Stock Stock 11 Recession 20 .02 - 20 Normal 32 .12 Irrational exuberance .40 .55 .25 .18 The market risk premium is 7 percent, and the risk-free rate is 4 percent. Requirement 1: (a) Calculate the beta and standard deviation of Stock I. (Do not round intermediate calculations. Enter the standard deviation as a percentage. Round your answers to 2 decimal places (e.g., 32.16).) Stock Beta Standard deviation % (b) Calculate the beta and standard deviation of Stock II. (Do not round intermediate calculations. Enter the standard deviation as a percentage. Round your answers to 2 decimal places (e.g., 32.16).) Stock 11 Beta Standard deviation %