Consider the following information:

		Rate of Return if State Occurs
State of Economy	Probability of State of Economy	Stock A	Stock B
Recession	.10	.03	.21
Normal	.70	.09	.15
Boom	.20	.16	.33

a)

Calculate the expected return for Stock A.

b)

Calculate the expected return for Stock B.

c)

Calculate the standard deviation for Stock A.

d)

Calculate the standard deviation for Stock B.