Consider the following information on Stocks I and II: Rate of Return if State Occurs Probability of State of Stock Economy Stock I II - 15 .25 .31 . 14 .45 .25 .41 .30 .04 State of Economy Recession Normal Irrational exuberance The market risk premium is 8 percent and the risk-free rate is 6 percent. a-1. What is the beta of each stock? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Beta Stock / Stock II a-2. Which stock has the most systematic risk? Stock Stock II b-1. What is the standard deviation of each stock? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Standard Deviation % % Stock ! Stock