Consider the following scenario analysis: Scenario Recession Normal economy Boom Probability 0.20 0.50 0.30 Rate of Return Stocks Bonds -6% 18% 19% 11% 26% 8 % a. Is it reasonable to assume that Treasury bonds will provide higher returns in recessions than in booms? O No O Yes b. Calculate the expected rate of return and standard deviation for each investment. (Do not round intermediate cald your answers as a percent rounded to 1 decimal place.) Expected Rate of Return Standard Deviation % % Stocks Bonds % % c. Which investment would you prefer? Stock Bond Which investment would you prefer