Consider the following information:

Rate of Return If State Occurs

State of

Economy Probability of

State of Economy Stock A Stock B

Recession $\mathrm{.}16\mathrm{.}04\mathrm{.}20$

Normal $\mathrm{.}61\mathrm{.}08\mathrm{.}09$

Boom $\mathrm{.}23\mathrm{.}15\mathrm{.}26$

a$.$ Calculate the expected return for the two stocks. $($Do not round intermediate calculations and enter your answers as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$ Calculate the standard deviation for the two stocks. $($Do not round intermediate calculations and enter your answers as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$