Consider the following two stocks.

	Probabilities (pi )	Stock "A"	Stock "B"
Recession	p1= 38%	-7%	9%
Normal	p2= 30%	7%	-8%
Boom	p3= 32%	12%	23%

The portfolio weights for stocks "A" and "B" are 0.2 and 0.8, respectively.

What are the expected returns of stock "A" and "B"? Enter your answers as a percentage. Do not put the percent sign in your answers. Round your answers to 2 DECIMAL PLACES.

E(ra)=

E(rb)=

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