Consider the following scenario analysis: Scenario Recession Normal economy Boom Probability 0.30 0.50 0.20 Rate of Return Stocks Bonds -8% 21% 22% 9% 32% 9% a. Is it reasonable to assume that Treasury bonds will provide higher returns in recessions than in booms? O No Yes b. Calculate the expected rate of return and standard deviation for each investment. (Do not round intermediate calculations. Enter your answers as a percent rounded to 1 decimal place.) X Answer is not complete. Expected Rate of Return (2.4) X % Standard Deviation Stocks % Bonds % % c. Which investment would you prefer? Stock Bond Which investment would you prefer