S13-07 Calculating Returns and Standard Deviations [LO1]

Consider the following information:Rate of Return if State OccursState ofProbability ofEconomyState of EconomyStock AStock BRecession.10.04.17Normal.60.09.12Boom.30.17.27a.Calculate the expected return for Stocks A and B.(Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

b.Calculate the standard deviation for Stocks A and B.(Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)