Owestion The following table reports the likely retums or XTO and GM companies returns in the various me conditions Economic conditions Probability. XTO's stock XTO's stock returns returns 3096 15% Low growth 4096 896 12% No growth 2096 796 1096 Recession 10% 296 -5% Required? (a) Calculate and discuss the expected rate of return and standard deviation of return for stocks XTO and GM. (b) What is the covariance between the two company's stocks? Discuss the covariance result. Owestion The following table reports the likely retums or XTO and GM companies returns in the various me conditions Economic conditions Probability. XTO's stock XTO's stock returns returns 3096 15% Low growth 4096 896 12% No growth 2096 796 1096 Recession 10% 296 -5% Required? (a) Calculate and discuss the expected rate of return and standard deviation of return for stocks XTO and GM. (b) What is the covariance between the two company's stocks? Discuss the covariance result