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The table below reports the annual returns to stocks x and Y in three different scenarios. You will verify your calculations in question 2 ,

The table below reports the annual returns to stocks x and Y in three different scenarios. You will verify your calculations in question 2, so don't use a spreadsheet for this question yet.
\table[[Scenario,Probability,Stock X returns (in %),Stock Y returns (in %)],[Boom,0.25,20,30],[Normal,0.5,6,10],[Bust,0.25,-15,-25]]
a. What are the expected returns for stocks x and Y respectively? Show your calculations.
b. What are the standard deviations for stocks x and Y respectively? Show your calculations.
c. Calculate the Sharpe ratio for each stock.
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