Consider the following scenario analysis: Rate of Return Stocks Bonds Scenario Recession Probability 0.20 -98 20% Normal economy 0.50 21% 8% Boom 0.30 31% 8% a. Is it reasonable to assume that Treasury bonds will provide higher returns in recessions than in booms? b. Calculate the expected rate of return and standard deviation for each investment. c. Which investment would you prefer? Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate the expected rate of return and standard deviation for each investment. Note: Do not round intermediate calculations. Enter your answers as a percent rounded to 1 decimal place. Expected Rate of Return Standard Deviation Stocks 18.0 % % Bonds 10.4 % %