Suppose you observe the following situation:

$\backslash$table$[[$State of$,$Probability of$,$Return if State Occurs$],[$Economy$,$State,Stock A$,,],[$Boom$,\mathrm{.}19,-\mathrm{.}05,$Stock B$,],[$Normal$,\mathrm{.}74,\mathrm{.}16,-\mathrm{.}08,],[$Bust$,\mathrm{.}07,\mathrm{.}52,\mathrm{.}17,]]$

a$.$ Calculate the expected return on each stock.

Note: Do not round Intermedlate calculations and enter your answers as a percent rounded to $2$ declmal places, e$.$g$.,3216.$

b$.$ Assuming the capital asset pricing model holds and Stock A$\text{'}$s beta Is greater than Stock B$\text{'}$s beta by $\mathrm{.}23,$ what is the expected market risk premlum?

Note: Do not round Intermedlate calculatlons and enter your answer as a percent rounded to $2$ declmal places, e$.$g$.,32\mathrm{.}16.$

$\backslash$table$[[$a$.$ Stock $A,,\%$